Morgan Stanley Forecasts Tesla Deliveries Of 425,400 In Q1 Vs Prior Forecast Of 469,400; Forecasts Deliveries Of 1,954,000 In FY24 Vs Prior Forecast Of 1,998,000
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has revised its forecast for Tesla's Q1 deliveries to 425,400 from a previous estimate of 469,400. Additionally, the firm has adjusted its full-year 2024 delivery forecast for Tesla to 1,954,000, down from 1,998,000.

March 28, 2024 | 3:40 pm
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Morgan Stanley has lowered its delivery forecasts for Tesla, indicating a more cautious outlook on the company's short-term performance.
The reduction in delivery forecasts by a major financial institution like Morgan Stanley can lead to negative investor sentiment towards Tesla in the short term. This is because delivery numbers are a key performance indicator for Tesla, and lower-than-expected forecasts can be interpreted as a sign of potential challenges in production, demand, or both.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Morgan Stanley's revised forecasts for Tesla may reflect its analysis and outlook on the automotive and electric vehicle sector, potentially influencing its own market perception.
While Morgan Stanley's revised forecasts for Tesla deliveries are primarily a reflection of its outlook on Tesla, they also indirectly indicate Morgan Stanley's analytical capabilities and perspectives on the broader automotive and electric vehicle sector. However, the direct impact on Morgan Stanley's stock is likely to be minimal, as its business is diversified and not directly tied to Tesla's performance.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50