Morgan Stanley predicts a "shake out" for the electric-vehicle maker as companies jockey for market share and run the risk of oversupplying the...
Tesla Inc. stock is a top pick at Morgan Stanley, which predicted a “shake out” for the electric-vehicle maker as companies jockey for market share and run the risk of oversupplying the market.
Tesla TSLA is scheduled to report fourth-quarter earnings after the bell Wednesday. The company cut prices between 6% and 20% on its EVs in Europe and in the U.S. earlier this month, a move that has divided Wall Street.“As the leader in global EVs, Tesla’s more aggressive posture on price applies significant fundamental pressure on its peers,” Morgan Stanley analyst Adam Jonas said in his note.
“In our view, the price cuts are indeed in response to slowing incremental demand relative to incremental supply,” Jonas said. Tesla earnings comes as Chief Executive Elon Musk finished his testimony in a federal trial around his going-private tweets, saying he thought he had funding to move forward, and that he was considering the deal.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Morgan Stanley reveals its 8 favorite stocks ahead of Europe's earnings seasonThe investment bank has identified eight stocks to buy ahead of a potentially volatile European earnings season.
Lire la suite »
Wall Street is excited about Chinese tech — and loves one mega-cap stock in particularGoldman Sachs, Morgan Stanley and others all name one Chinese tech name as a top pick.
Lire la suite »
Tesla earnings will be 'most important' in history, Tesla bull saysTesla is slated to report fourth-quarter earnings after the bell Wednesday, and a known Tesla bull is calling the report "one of the most important in...
Lire la suite »
Top analyst Jonas makes Tesla his top pick. Here's what he's looking for out of Wednesday's earningsTesla bull Adam Jonas of Morgan Stanley has a few top things he's watching for in the electric vehicle maker's fourth quarter earnings report, due Wednesday.
Lire la suite »
Elon Musk says he counted on selling SpaceX stock to take Tesla privateElon Musk says he counted on cashing in SpaceX stock to take Tesla private when he tweeted 'funding secured'
Lire la suite »
Tesla earnings: Disappointing Q4 will drag stock lower, Gene Munster saysSteer clear of Tesla with disappointing earnings set to drag the stock lower, strategist Gene Munster says
Lire la suite »