- The shares of Tesla Inc (NASDAQ: TSLA) have received a $900 target by Morgan Stanley. These are the details.
The shares of Tesla Inc (NASDAQ: TSLA) have received a $900 target by Morgan Stanley. And Morgan Stanley analyst Adam Jonas is maintaining an “Overweight” rating on the company shares.
Jonas pointed out that social media protests in China, a sequential decline in deliveries from March to April, and a report by Reuters about Tesla potentially halting its plans to expand production in Shanghai have caused the questioning of expectations around the long-term significance of the company’s presence in China.
And Jonas said that investors should not be “strangers to major swings in sentiment” on the company. He believes that sentiment has room to continue to deteriorate from the levels of expectations in China.
But he believes that the pullback in the stock price essentially provides an emerging opportunity for investors to increase their exposure in the company. Jonas said he is going to be a buyer on the weakness.
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