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Morgan Stanley Lowers Tesla's Target For The 3rd Time This Year

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Markets Insider reports that Morgan Stanley has slashed Tesla's price target for the third time this year. Morgan Stanley analysts speculate that investor concerns over Tesla's financial strength may hit employee morale and affect customers' perception of the brand. Morgan Stanley's opinion comes just days after Tesla's first-quarter delivery results did not meet analysts' expectations, resulting in a downturn of the electric car maker's stock. Morgan Stanley lowered its price target from $260 to $240 a share, implying a 13% drop from Friday's closing price.

Added on the 08/04/2019 11:47:33 - Copyright : Wochit

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