Reported about 22 hours ago
Morgan Stanley analyst Adam Jonas, a notable Tesla bull, has downgraded his delivery estimates for the company due to increased competition, an aging product lineup, and a negative brand sentiment among consumers. Despite seeing potential for significant upside, he cautioned that Tesla's stock could be volatile, with projections indicating a possible decline to $200 or a rise to $800 within the next year. Factors contributing to the stock's underperformance include reduced sales in key markets and prevalent insider selling.
Source: YAHOO