'Barely Any Attempt' From Tesla's Institutional Investors To Argue For Near-Term Bull Case, Says Analyst As Automakers Brace For 'Challenging' 2024
Portfolio Pulse from Shanthi Rexaline
Morgan Stanley analyst Adam Jonas reports a negative outlook for Tesla, Inc. (TSLA) from institutional investors, expecting underperformance in the next year. The sentiment is influenced by concerns over EV demand and potential lack of volume growth in 2024. Despite this, Jonas maintains an Overweight rating on TSLA, citing over 80% upside potential.
February 15, 2024 | 5:35 am
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NEUTRAL IMPACT
Negative outlook from institutional investors and concerns over EV demand and volume growth in 2024 may pressure TSLA stock. However, Morgan Stanley's analyst maintains an Overweight rating with significant upside potential.
The mixed sentiment from institutional investors and concerns over the EV market and volume growth in 2024 suggest a cautious outlook for TSLA in the short term. However, the analyst's bullish stance and the potential for significant upside provide a counterbalance, making the short-term impact neutral as these factors may offset each other.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100