Skip to content
Subscriber Only
Markets
Hyperdrive

Morgan Stanley Slashes Worst-Case Price for Tesla to $10

  • Analysts cite market saturation, risk to China growth plans
  • Wedbush Securities sees ‘code red’ situation as troubles mount
Video player cover image
Tesla's Worst-Case Price Target Slashed to $10 at Morgan Stanley
Updated on
From

Tesla Inc. sustained another blow by Wall Street analysts as Morgan Stanley slashed its worse-case scenario for the share price to just $10 over concern the company has saturated the electric-car market.

“Demand is at the heart of the problem,” analysts led by Adam Jonas said in a note. “Tesla has grown too big relative to near-term demand, putting great strain on the fundamentals.”