Where is Tesla Motor's stock headed? Morgan Stanley thinks the answer is down, down, down. Or, at least, less "up" than previously thought. Morgan Stanley analyst Adam Jonas seriously downgraded his expectations of the TSLA stock from $70 down to $44. That's still up from the current rate of around $31, but it's enough to cause a nine percent drop in today's trading. We have to side with former Tesla employee Darryl Siry, who asks, "How do you slap a sell rating with a $44 price target on a stock trading at around $35?" We certainly don't understand stocks. via green.autoblog.comDec 9, 2011
Tesla stock gets a serious downgrade amid EV skepticism from Morgan Stanley
Where is Tesla Motor's stock headed? Morgan Stanley thinks the answer is down, down, down. Or, at least, less "up" than previously thought. Morgan Stanley analyst Adam Jonas seriously downgraded his expectations of the TSLA stock from $70 down to $44. That's still up from the current rate of around $31, but it's enough to cause a nine percent drop in today's trading. We have to side with former Tesla employee Darryl Siry, who asks, "How do you slap a sell rating with a $44 price target on a stock trading at around $35?" We certainly don't understand stocks. via green.autoblog.com