Morgan Stanley Analyst Foresees Tesla Grabbing A Larger Slice Of A Smaller EV Market
Portfolio Pulse from Anan Ashraf
Morgan Stanley analyst Adam Jonas has updated his forecast for Tesla Inc (NASDAQ:TSLA), predicting the company will deliver 1.90 million vehicles in FY23 and 7.9 million units in FY30. Jonas believes that the slow introduction of EVs by traditional automakers will allow Tesla to maintain a higher market share for longer. He also noted that Tesla's recent price cuts have been effective and expects further price reductions in the future.
July 04, 2023 | 3:21 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Morgan Stanley analyst Adam Jonas has updated his forecast for Tesla, predicting higher delivery numbers and market share. He also expects further price reductions from Tesla.
The analyst's positive forecast for Tesla's delivery numbers and market share, as well as the expectation of further price reductions, could lead to increased investor confidence and a potential rise in Tesla's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100