Tesla shares could drop to $10 in a worst-case scenario, Morgan Stanley says
This is actually NOT the worst case scenario for Tesla or its shareholders.
Morgan Stanley cut its bear (worst-case) forecast on Tesla’s stock from $97 to just $10 on Tuesday, citing concerns about the company’s increased debt load and geopolitical exposure.
In particular, Morgan Stanley analysts said the reduction was driven by concerns around Chinese demand for Tesla products.
Reprinted from: https://www.ac2news.com/2019/05/tesla-shares-could-drop-to-10-in-a-worst-case-scenario-morgan-stanley-says/
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