Hyperdrive
Tesla’s Slowing Growth Is Sending a Warning to All EV Makers
- Stock falling again, after dropping 9.3% on Thursday
- Analyst says demand is slowing for Tesla, sees ripple effect
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Tesla Inc. this week tempered its growth expectations, signaling that pain is coming for the electric-vehicle industry, a Morgan Stanley analyst said on Friday.
Adam Jonas, a long-time bull on the EV behemoth, said investors should seriously consider the broader implications for the EV industry globally after the company’s disappointing third-quarter results and its cautious earnings conference call. Demand seems to be slowing for the carmaker, Jonas said.