Tesla (TSLA) Weaker as Morgan Stanley Slashes 2015 Numbers

November 19, 2014 7:36 AM EST
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Tesla (NASDAQ: TSLA) is indicated lower (-2.3%) as Morgan Stanley analyst Adam Jonas cut his 2015 Model X delivery forecast from 15,000 to 5,000 and cut 2015 EPS from $4.39 to $2.45, which is well below the consensus of $2.99. Despite the change, the analyst remains an ultra-bull on the name and reiterated a Buy rating and $320 price target.

Yesterday, Jonas commented that the delay in Model X delivers could be related to the gull-wing doors. However, a letter being circulated to Model X reservation holders (see below) prominently displays a picture of the Model X with the gull-wings and makes no mention of an issue with the stylish and functional doors.



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