Tesla stock is top pick at Morgan Stanley ahead of earnings

Tesla Inc. stock is a top pick at Morgan Stanley, which predicted a “shake out” for the electric-vehicle maker as companies jockey for market share and run the risk of oversupplying the market.

Tesla TSLA is scheduled to report fourth-quarter earnings after the bell Wednesday. The company cut prices between 6% and 20% on its EVs in Europe and in the U.S. earlier this month, a move that has divided Wall Street.“As the leader in global EVs, Tesla’s more aggressive posture on price applies significant fundamental pressure on its peers,” Morgan Stanley analyst Adam Jonas said in his note.

“In our view, the price cuts are indeed in response to slowing incremental demand relative to incremental supply,” Jonas said. Tesla earnings comes as Chief Executive Elon Musk finished his testimony in a federal trial around his going-private tweets, saying he thought he had funding to move forward, and that he was considering the deal.

Morgan Stanley should not be covering Tesla stock. Conflict of interest given how much TWTR debt it holds linked to Elon Musk. They can’t be objective. There really aren’t Chinese walls at brokerage firms.

Tesla is a King of EV world 🌍

Happy Passport Renewal Week! 🇺🇸☎️📖

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Morgan Stanley reveals its 8 favorite stocks ahead of Europe's earnings seasonThe investment bank has identified eight stocks to buy ahead of a potentially volatile European earnings season.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Tesla earnings will be 'most important' in history, Tesla bull saysTesla is slated to report fourth-quarter earnings after the bell Wednesday, and a known Tesla bull is calling the report "one of the most important in... Boycott Tesla Wow! $1.13? Things are really bad for Tesla!
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Top analyst Jonas makes Tesla his top pick. Here's what he's looking for out of Wednesday's earningsTesla bull Adam Jonas of Morgan Stanley has a few top things he's watching for in the electric vehicle maker's fourth quarter earnings report, due Wednesday. We'll just see about that Overpriced crap When CNBC pumps, you are the liquidity target.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Tesla earnings: Disappointing Q4 will drag stock lower, Gene Munster saysSteer clear of Tesla with disappointing earnings set to drag the stock lower, strategist Gene Munster says The demand is still high but competitive companies are on the rise. This is what elonmusk wanted, it's not much of an issue especially with 190 billion tailwind.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »