Morgan Stanley analyst Adam Jonas lowers his target price on Tesla TSLA,
Repeating the overweight call to the electric vehicle manufacturer, it went from 40 540 to 8 10,810. “In our opinion, Tesla is still the best-ranked company in EV and AV under our coverage due to its people, its technology, business model and access to capital. Furthermore, it is important to note that the company has no environmental involvement. “Put all that together and we believe that Tesla’s business model can unlock faster and more profitable revenue from recurring mobility services than model competition,” the analyst said. Separately, Barclays analyst Brian Johnson reiterated the underweight call with a price target of 0 230. “With 15x EV / Sales shares traded, Tesla’s shares traded above the coefficient of new EV entry and even higher than the coefficient of Legacy Automakers,” he said, adding that there was a risk that Tesla would force unit sales. On prices and margins. Tesla closed at 35 735.11 on Tuesday.
.
