$Tesla (TSLA.US)$ Tesla TSLA.O shares slip over 1% to $449.1...
$Tesla (TSLA.US)$ Tesla TSLA.O shares slip over 1% to $449.15 premarket.
Morgan Stanley analyst Andrew Percoco in note dated Sunday assumes coverage of the stock with "equal-weight" down from "overweight"; MS last downgraded Tesla in 2023.
With shares trading at 30-times estimated 2030 EBITDA, Morgan Stanley prefers to wait for a better entry point.
Brokerage sees non-auto catalyst path as broadly priced in.
MS raises PT to $425 from $410, representing a downside of nearly 7% from stock's last close.
Morgan Stanley's 2026 auto volume forecast is now 13% below consensus, reflecting a more cautious EV industry outlook.
24 of 55 brokerages rate the stock "buy" or higher, 20 "hold" and 11 "sell" or lower; their median PT is $413 - data compiled by LSEG.
As of last close, TSLA up 12.7% YTD.
Morgan Stanley analyst Andrew Percoco in note dated Sunday assumes coverage of the stock with "equal-weight" down from "overweight"; MS last downgraded Tesla in 2023.
With shares trading at 30-times estimated 2030 EBITDA, Morgan Stanley prefers to wait for a better entry point.
Brokerage sees non-auto catalyst path as broadly priced in.
MS raises PT to $425 from $410, representing a downside of nearly 7% from stock's last close.
Morgan Stanley's 2026 auto volume forecast is now 13% below consensus, reflecting a more cautious EV industry outlook.
24 of 55 brokerages rate the stock "buy" or higher, 20 "hold" and 11 "sell" or lower; their median PT is $413 - data compiled by LSEG.
As of last close, TSLA up 12.7% YTD.
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AI Best Trader : 440 tonight
ZnWC : The downgrade is because the new analyst, Andrew Percoco put more weight on Tesla as a carmaker as compared to Adam Jonas who thinks it is an AI Tech company. If you read the last paragraph:
"Morgan Stanley notes that the long-term skew remains wide, with 89% upside to its $860 bull case and 70% downside to its $145 bear case."
The above rating is basically quite useless. I believe we'll hear from Adam Jones' view about Tesla soon as his new position is overseeing the firm’s research on physical and embodied AI.
Read more here:
Morgan Stanley’s new Tesla analyst cuts stock rating on rich valuation - Investing.com