Tesla (TSLA) PT Lowered to $330 at Morgan Stanley, 2nd Cut This Month

Morgan Stanley analyst Adam Jonas lowered the price target on Tesla (NASDAQ: TSLA) to $330.00 (from $350.00) while maintaining an Overweight rating. This is Jonas' second price target cut this month.

The analyst commented, "Tesla’s 3Q was both stronger and higher quality than we expected, albeit more in-line with consensus expectations. Following the analyst conference call, we make a number of modest changes to our earnings model that, when taken together, leave our forecasts largely unchanged."

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