Analysts from Morgan Stanley warned that the Tesla stock is grossly overvalued and set to plunge, with too many investors ignoring the risks of running a car company and instead treating Tesla like a high-growth tech company by skleb1234
in February, Tesla’s stock plunged amid the coronavirus sell-off in late March, falling below $400 per share.
In a note to clients on Tuesday, Morgan Stanley analyst Adam Jonas warned that while he understands the “attraction of the Tesla story” and its high-growth potential, it is still hard to see Tesla justifying its high stock price over the next decade. Morgan Stanley said that it forecasts Tesla to make 2 million cars annually for the next 10 years, but its current stock price implies a much higher production output: “At $1,000, we believe the stock is discounting roughly 4 million units” by 2030.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan Stanley: Tesla to make twice as much money as Uber in 2025 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Tesla Is Overvalued: Investors Are Treating It Too Much Like A Tech Company, Says Morgan StanleyIt may be time to sell Tesla as shares edge towards record highs, says Morgan Stanley.
Read more »
Google, Amazon and Tesla slam Trump's immigration crackdownU.S. tech giants including Google, Amazon and Tesla are criticizing President Donald Trump's decision to suspend H-1B and L1 work visas.
Read more »
Elon Musk says Tesla shareholder meeting and 'Battery Day' tentatively set for Sept. 15Tesla CEO Elon Musk tweeted late Sunday that the company tentatively plans to hold its shareholder meeting as well as a highly anticipated 'Battery Day' on Sept. 15.
Read more »
Musk says 'tentative' date for Tesla shareholder meeting is Sept. 15Tesla Inc Chief Executive Officer Elon Musk said on Sunday that the 'tentative' date for the company's shareholder meeting was Sept. 15.
Read more »