Morgan Stanley’s Adam Jonas is the latest analyst to raise some concerns with Tesla (TSLA). In a note to clients, Jonas wondered, “Could Tesla lose money (sometime) this year?”
In cutting his price target to $320 from $345 (still one of the more bullish targets on the Street), Jonas noted concerns such as continued lag in EV demand despite price cuts, fleet operators like Hertz dumping EVs, and “strong hybrid momentum” peeling away potential EV buyers who are on the fence.
Jonas said…
Source link
