Tesla (TSLA) Restarting Production has Risks - Morgan Stanley
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Rating Summary:
22 Buy, 28 Hold, 13 Sell
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Up: 17 | Down: 14 | New: 17
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Morgan Stanley analyst Adam Jonas reiterated an Equalweight rating and $440.00 price target on Tesla (NASDAQ: TSLA) after the share price doubled in the last 30 days due to a scarcity in high growth names combined with positive news flow.
The analyst sees volatility ahead stating "We believe there are a number of risks to restarting vehicle production in Fremont, which provides downside risk to Q2 deliveries and cash burn; additionally, we would not be surprised to see knock-on impacts to localized China production as a result of potential parts shortages in the US, given some dependency on certain items that are still imported (i.e. the drive unit)".
For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.
Shares of Tesla closed at $729.50 yesterday.
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