Tesla Stocks Tumble After Morgan Stanley Claims Model 3 Goals Will Remain Elusive In 2017

Tesla Stocks Tumble After Morgan Stanley Claims Model 3 Goals Will Remain Elusive In 2017

After a run to almost its all-time high last week, Tesla’s stock had a 3% setback in pre-market trading this morning after Adam Jonas from Morgan Stanley, one of the most followed auto industry analysts when it comes to Tesla, downgraded the stock following its first quarter results.

Jonas downgraded the stock to “Equalweight” since its run to $325 made it past his $305 price target. The analyst also warns investors that Model 3 deliveries could be much lower than anticipated in 2017 and 2018.
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TheSteveTheSteve - 5/15/2017 9:51:08 AM
+1 Boost
re: "Tesla Stocks Tumble..."

Isn't "tumble" a rather overstated word, seeing as the stock has declined a little under 3% as at this time?


HenryNHenryN - 5/15/2017 10:52:27 AM
+1 Boost
Cramer has invaded Autospies site. Real-time TSLA stock Ticker to be added soon ?


222max222max - 5/15/2017 10:52:47 AM
-2 Boost
FAKE NEWS!


HauergHauerg - 5/16/2017 4:12:22 AM
+1 Boost
This starts getting idiotic.


SanJoseDriverSanJoseDriver - 5/15/2017 4:11:22 PM
-5 Boost
Morgan Stanley is saying Tesla will deliver 2,000 Model 3s in 2017 and 80,000 cars in all of 2018. That is the most pessimistic forecast of any major analyst I believe.

In the last investor briefing Telsa said they will get to 5,000 cars a WEEK in 2017 and 10,000 a week at some point in 2018. They should be able to hit 70,000 cars in 2017 and 400,000 in 2018.


HenryNHenryN - 5/15/2017 7:52:26 PM
-3 Boost
The Adam Jonas guy is either a bonehead or just plain stupid to stick to his own prediction of a delay. He first said the Model 3 launch was "late 2018", now he moves to "2k Model 3 deliveries this year" - well, at least he is moving in the right direction.

All indications from Tesla point to an on-schedule Q3 launch. I would stick to that schedule instead. If things move along well, I might have a spanking new Model 3 before this year ends.


MDarringerMDarringer - 5/15/2017 8:19:25 PM
0 Boost
The Model 3 could be Tesla's "Giulia" i.e. put into production before appropriate prototype testing and coming to market with all sorts of glitches. That could easily hamper enthusiastic sales.


HauergHauerg - 5/16/2017 4:13:52 AM
+1 Boost
That's what the orders of Tesla and SpaceX employees are for.


mre30mre30 - 5/15/2017 9:58:22 PM
+3 Boost
Just wait until the Morgan Stanley analyst adds the cost of the potential consumer protection law "lemon buybacks" as a result of not thoroughly testing (not testing at all?) the vehicles before they are sold to consumers, to his business model excel spreadsheets.

Oh, but if that happens, Tesla might be insolvent and consumers would be stuck with very large doorstops.


HauergHauerg - 5/16/2017 4:16:20 AM
+2 Boost
How good that nothing really bad can happen to non-EV car copmanies.
Oops.
Again: the firs chunkmof production will go to employees of SpaceX and Tesla.
And there will be some special fine print in the internal oreder form, methinks.


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