Tesla (TSLA) May Lose Auto 2.0 Monopoly - Morgan Stanley
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Rating Summary:
22 Buy, 28 Hold, 13 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Morgan Stanley maintains Equalweight on Tesla Motors (NASDAQ: TSLA) price target of $379.00.
Analyst Adam Jonas fears the company may lose its positioning in Auto 2.0 as the industry approaches a far more volatile and crowded narrative and companies like Amazon (with interest in transportation) and Alphabet (with Waymo business) apply pressures. The analyst believes the Model 3 delivery milestone could offer an opportunity for investors to exit the shares before more headwinds manifest. Jonas sees a possibility that the company will overcome it's bottleneck issue and ramp Model 3 production later in 2018.
For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.
Shares of Tesla Motors closed at $329.10 yesterday.
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