Tesla Is Overvalued: Investors Are Treating It Too Much Like A Tech Company, Says Morgan Stanley

in February, Tesla’s stock plunged amid the coronavirus sell-off in late March, falling below $400 per share.

In a note to clients on Tuesday, Morgan Stanley analyst Adam Jonas warned that while he understands the “attraction of the Tesla story” and its high-growth potential, it is still hard to see Tesla justifying its high stock price over the next decade. Morgan Stanley said that it forecasts Tesla to make 2 million cars annually for the next 10 years, but its current stock price implies a much higher production output: “At $1,000, we believe the stock is discounting roughly 4 million units” by 2030.

Technically in income and debt... so is Amazon google etc... but noone cares as long as it continues to make more money.

It's overrated

Everytime there's a legit idea to 'sell the overvalued Tesla' it goes up another 10%. Just saying

It's a tech company. Why would you treat it like a car company? Their technologies can go into any product, which requires electricity, batteries, processors and motors. 🤷‍♂️

It's a Cult of Personality stock.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morgan Stanley: Tesla to make twice as much money as Uber in 2025 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They’re gonna launch us to space with electricity— You mean it will lose half as much money, right? Uber make money, what’s that all about? Morgan Stanley said Uber would IPO at 120 billion dollars. Thieves.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Elon Musk says Tesla workers must 'go all out' in leaked email - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Dear Elon, It’s a well known fact by now that you work your employees into the ground. Everyone in the design world knows this. Make your damn bots already and work them at your desired caliber. You’re a genius.
Source: BusinessInsider - 🏆 729. / 51 Read more »