Tesla Hit With Back-To-Back Downgrades: Why Morgan Stanley Is Stepping To Sidelines Despite Touting EV Stock As 'Must-Own'
Portfolio Pulse from Shanthi Rexaline
Tesla stock faces back-to-back downgrades from Morgan Stanley and Barclays, citing valuation concerns and near-term challenges. Despite this, Tesla remains a 'must-own' company in any electric vehicle portfolio.
June 22, 2023 | 2:07 pm
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POSITIVE IMPACT
Ford may seek potential collaboration with Tesla in areas such as battery supply, operating system, and full self-driving.
Ford's potential collaboration with Tesla in various areas could benefit both companies and strengthen their positions in the EV market. This may have a positive short-term impact on Ford's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
General Motors may seek potential collaboration with Tesla in areas such as battery supply, operating system, and full self-driving.
General Motors' potential collaboration with Tesla in various areas could benefit both companies and strengthen their positions in the EV market. This may have a positive short-term impact on GM's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Tesla stock downgraded by Morgan Stanley and Barclays due to valuation concerns and near-term challenges, but remains a 'must-own' in EV portfolios.
The downgrades from Morgan Stanley and Barclays are likely to have a short-term negative impact on Tesla's stock price. However, the company's position as a leader in the EV market and potential collaborations with other automakers may provide long-term support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100