Tesla shares fell to their lowest in nearly a year due to Morgan Stanley analyst Adam Jonas cutting his price target, citing slow EV demand and potential company loss.
Tesla shares fell to their lowest in nearly a year as a Tesla bull turns bearish, cutting his price target and warning the company could post a loss this year due to GAAP accounting. Morgan Stanley analyst Adam Jonas cites slow EV demand, companies dumping EVs from their fleets, and hybrid competition for marginal EV buyers.
March 06, 2024
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