Skinwah

Tesla bottling to survive - I hope it does

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Skinwah Mis à jour   
NASDAQ:TSLA   Tesla
MMHVW - Buy at $59
Commentaire:
One of Tesla’s longtime fans on Wall Street slashed his worst-case scenario for the stock price to a mere $10, in the latest sign that analysts have begun to lose faith in Elon Musk’s electric-car maker.

Morgan Stanley analyst Adam Jonas said on Tuesday that his new “bear case” for the shares, down from a previous estimate of $97, could materialise if Tesla were to miss by about half his forecast for sales in China. Mr Jonas also raised concerns about a “highly volatile trade situation in the region” and Tesla’s mounting debt load.

“This year’s sharp deceleration in demand has led to a substantial curtailment of the company’s ability to self-fund through free cash flow generation, at the margin potentially impacting the firm’s access to capital,” Mr Jonas wrote in a note to clients.

Lord MEDZ
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