Morgan Stanley Analyst: Tesla's Ubiquity Limited — Global Auto Players To Surpass Mobile Handset Market Participants
Portfolio Pulse from Anan Ashraf
Morgan Stanley analyst Adam Jonas maintained an 'overweight' rating on Tesla with a price target of $200, stating that Tesla's ubiquity in the EV market is limited. He believes that legacy automakers like Ford will come up with compelling EV products, potentially impacting Tesla's market share.
June 01, 2023 | 6:43 am
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Morgan Stanley analyst maintains 'overweight' rating on Tesla with a price target of $200, but warns of potential competition from legacy automakers like Ford.
The analyst's statement suggests that Tesla's market share may be impacted by competition from legacy automakers like Ford. However, the 'overweight' rating and price target of $200 indicate a positive outlook for Tesla's stock. The short-term impact is neutral as the potential competition is not immediate.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley analyst suggests Ford must continue investing in its EV strategy with greater caution, as it may develop compelling EV products that could impact Tesla's market share.
The analyst's statement implies that Ford has the potential to develop compelling EV products, which could impact Tesla's market share. This suggests a positive outlook for Ford's stock in the short term, as the company may benefit from increased investment in its EV strategy.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80