Thursday , July 7 2022

Operating a Tesla on the floor, a scenario that Morgan Stanley does not rule out



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The company has been the subject of a series of negative reports in recent days, mainly due to a reduction in deliveries.

Tesla Inc received a new broadcast from Morgan Stanley. Analysts in the company reduced the estimate, for the worst scenario, to just US $ 10 per share in case an electric car leader has deteriorated the market.

"The demand is the main cause of the problem," said analysts, led by Adam Jonas, in a comment. "Tesla has grown too much in relation to the short-term demand, putting great pressure on essentials."

Jonas reduced the result of his supposed admission for Tesla shares from a previous estimate of US $ 97, and predicts that the company will not reach its current sales forecast for China, recording about half of what was expected. . The analysts held a target price of US $ 230, while the shares fell 1.6% in operations before stock trading began.

Tesla has been the subject of a series of negative reports in recent days, mainly due to a reduction in deliveries. Only 63,000 cars were supplied by the automaker in the first quarter, but the figure is expected to be between 90,000 and 100,000 cars in the second and between 360,000 and 400,000 for the full year. On Sunday, Wedbush Securities analyst said Under Ives that achieving the goal for the whole year would be a "Herculean task".

Tesla has lost 38% on the stock market since the start of the year and on Monday, was above the US $ 200 share per share, before closing with a 2.7% discount on US $ 205.36.

To increase the demand, Tesla will have to grow vigorously in China, sell sports utility vehicles at a lower price and offer a fleet of mobility, says Jonas. The higher sales of the US automaker in China are in danger of commercial tensions with the United States, he added.

"We give Tesla credit for taking advantage of the world's largest electric vehicle market for many years" in China, says Jonas. "We have the firm skepticism that many national champions will come to the obvious" in the country, he added.

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