Tesla stock: Morgan Stanley pumps the brakes and lowers PT ahead of earnings
Teslarati
JANUARY 22, 2024
.” Adam Jonas listed several risk factors for the stock in the note, which include price cuts, weakening or expiration of EV incentives, excess capacity in China, residual value risks, and fleets cutting EV concentration. It is important to note that Volkswagen, BMW, Audi, and Ford also lost tax credit eligibility on some of their EVs.
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