Liam Denning, Columnist

The One Prediction About Tesla You Can Count On

Financial forecasts are all over the map, but its need for cash is clear.

November 22, 2017 at 3:46 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

1511365709_GettyImages-492682174 (1) — Photographer: David Paul Morris

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It's hard to predict the future, especially when it keeps changing so quickly.

Take Tesla Inc., for example. Earlier this week, Morgan Stanley analyst Adam Jonas published a report titled "Tesla 2018: $400 then $200?" -- which, as you might expect, predicts a volatile time for the stock next year. As prognosticating goes, this isn't a stretch; a retrospective of this year could easily be titled: "Tesla 2017: $200-ish, $400 (almost), $300 (or thereabouts)".