Tesla, Wall Street's Most-Shorted Stock, Downgraded By Morgan Stanley

  • Summary:


    Tesla Inc. (TSLA) - Get Report shares retreated further from all-time highs Thursday after analysts at Morgan Stanley cut their rating on the clean-energy carmaker to 'underweight', citing concerns for the sustainability of the stock's recent surge.

    Morgan Stanley analyst Adam Jonas, however, lifted his price target on the stock by $110, to $360 per share, to partly reflect the more than 35% gain the  shares have seen over the past month as the group topped Street estimates for 2019 deliveries and cut the tape on its massive production facility in China.

    "Near-term momentum and sentiment around the stock is admittedly very strong, but we ultimately question the sustainability of the momentum," Jonas said, adding "We believe the current share price discounts a fully ramped up China, Berl ...



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