Time For Tesla Financial Services? Morgan Stanley Analyst Thinks Now Is The Right Moment
Portfolio Pulse from Anan Ashraf
Morgan Stanley analyst Adam Jonas suggests that Tesla should establish a full-scale financing subsidiary to cater to the evolving auto market and meet customer demands. He maintains an 'overweight' rating on Tesla with a price target of $200.
June 13, 2023 | 6:43 am
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NEUTRAL IMPACT
General Motors' creation of GMAC in 1919 is cited as an example of financial innovation driving mass auto ownership.
The mention of General Motors and its creation of GMAC in 1919 serves as a historical example of financial innovation in the auto industry. However, this mention does not directly impact GM's current stock price or operations, resulting in a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 30
POSITIVE IMPACT
Morgan Stanley analyst suggests Tesla should establish a financing subsidiary, maintaining an 'overweight' rating with a $200 price target.
The establishment of a financing subsidiary could help Tesla cater to the evolving auto market and meet customer demands, potentially driving sales and increasing brand loyalty. This recommendation, along with the maintained 'overweight' rating and $200 price target, could have a positive short-term impact on Tesla's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100