Tesla (TSLA) Said to Apply for Dealership License in Michigan
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February 1, 2016 8:59 AM EST
Morgan Stanley maintained an Overweight rating on Tesla Motors (NASDAQ: TSLA) but reduced its price target to $333.00 (from $450.00).
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 $191.20 yesterday.
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February 1, 2016 8:24 AM EST
(Updated - February 1, 2016 10:02 AM EST)
Tesla (NASDAQ: TSLA) is lower Morgan Stanley analyst, Adam Jonas, cut estimates and his price target noting delays in the Model X and Model 3, among other things.
Jonas first noted Model X delays and cost overrun. "Manufacturing and engineering challenges have delayed the launch by at least 1 year and may have added hundreds of millions of dollars to costs while potentially losing some customers," he said. "We anticipate a slower ramp to ensure top quality of the early vehicles. We note that our previous forecast already... More
