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."

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy
• Tesla (TSLA) call put ratio 4.1 calls to 1 put with a focus on spreader of 1699 contracts of August 335, 350, 355 and 367.50 calls as share price up 2.5%