Tesla stock is trading at $200, but Morgan Stanley believes it could go to $10 in a bearish scenario | Source: Yahoo! Finance Jonas’ previous bear case price target for Tesla stock stood at $97. He has now sharply reduced his worst-case price scenario to only $10 thanks to a rapid drop in demand for Tesla cars.
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Could Tesla stock drop to $10 in a worst-case scenario?
Tesla shares could drop to $10 in a worst-case scenario, Morgan Stanley says. Morgan Stanley has cut its worst-case forecast on Tesla stock from $97 to just $10, citing concerns about the company's debt load and geopolitical exposure. Tesla shares are down 38% year-to-date.
Why did Morgan Stanley cut Tesla’s stock price to $340?
Financial services firm Baird also cut its Tesla estimates Tuesday, lowering the company’s stock to $340 from $400. Morgan Stanley cut its bear (worst-case) forecast on Tesla ’s stock from $97 to just $10 on Tuesday, citing concerns about the company’s increased debt load and geopolitical exposure.
Is Tesla stock headed to $230 per share?
Jonas’ base case price target for Tesla is $230 per share. He rates the stock as Equal-weight. Jonas isn’t the only analyst who has recently become less optimistic about Tesla’s stock.
Why did Ives cut his price target for Tesla to $230?
WedBush analyst Dan Ives cut his price target to $230 from $275 per share on Monday, citing “continued concerns around Tesla’s ability to balance this ‘perfect storm’ of softer demand and profitability concerns which will weigh on shares until Musk & co, prove otherwise in terms of delivering solid results over the coming quarters.”
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What is JP Morgan price target for Tesla?
Analysts also believe that Tesla faced challenges in its Austin, Texas, and Berlin factories. JPMorgan dropped its second-quarter earnings estimate to $1.70 from $2.26. The 2022 full-year estimate fell to $10.80 from $11.50. The analyst also trimmed the December 2022 price target to $385 from $395.
What does Jim Cramer think of Tesla stock?
CNBC's Jim Cramer explains why he thinks Tesla's stock could be a “major leader” as the electric-vehicle maker opens its first European manufacturing facility in Berlin, Germany.
Why does Tesla stock keep dropping?
The company's most productive plant in Shanghai was shut and is now operating at reduced capacity because of Covid-19 lockdowns in China. Reuters reported Monday that adding more employees to increase production is being pushed out a few days. The delay might be why Tesla stock is down in early trading Monday.
How much was Tesla stock worth before the split?
At the time, Tesla's stock was trading at around $1,300 a share, but the stock-split announcement sent its stock price surging to a record high of $2,000 a share. The split resulted in the price per share being reset at around $460 and a valuation of about $430 billion.
Is Tesla overvalued?
At current prices, we view Tesla shares as overvalued with the stock trading in 2-star territory and more than 50% above our fair value estimate. Our forecast implies Tesla will become a top-10 automaker globally in annual vehicle deliveries, averaging annual deliveries growth of nearly 20% over the next decade.
Is Tesla a bubble?
Few investments in recent years have generated as much debate as Tesla (TSLA). To some, the shares of Elon Musk's company are insanely overpriced, a bubble that could pop at any time and blow up a portfolio.
Do Tesla pay dividends?
Tesla (NASDAQ: TSLA) does not pay a dividend.
Is Tesla a buy?
Tesla stock has had a tough 2022, but now UBS has upgraded shares to Buy from Neutral while keeping its price target unchanged at $1,100.
How much is a share in SpaceX?
The shares are being offered in a so-called employee tender at $70 each, the people said, asking not to be identified because the details are private. That compares with a split-adjusted $56-a-share during a sale in October at a valuation of about $100 billion.
What stocks will split in 2022?
Upcoming stock splits in 2022CompanyStock Split RatioPayable DateAmazon (NASDAQ:AMZN)20-for-1June 3, 2022Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG)20-for-1July 15, 2022Shopify (NYSE:SHOP)10-for-1June 28, 2022DexCom (NASDAQ:DXCM)4-for-1June 10, 20221 more row•Jun 8, 2022
Will Amazon split soon?
On March 9, Amazon announced that its board of directors had approved the online retailer's plan for a 20-for-1 stock split, which will affect stockholders who own shares of the online retailer at the close of business on June 3.
Is it good to buy a stock after it splits?
Based on the numbers, stock splits are not a reason to buy. Stocks that split underperformed in the short term, and do not significantly beat the market in the longer term. In the two weeks immediately following a split, the stocks averaged a loss of 0.43% with only 43% of the returns beating the SPX.
Is Tesla in financial trouble?
New York (CNN Business) Tesla faces billions of dollars in losses from its new plants, supply chain problems and Covid lockdowns — enough for CEO Elon Musk to mention the possibility of bankruptcy in a recent interview.
Is Tesla overvalued 2020?
We Looked at the Math. Tesla's market capitalization recently moved well past $1 trillion, but the independent investment-research firm New Constructs believes the company is overvalued by roughly $1 trillion of that.
Is Tesla profitable yet?
Tesla said on Wednesday that it made a $3.3 billion profit in the first three months of the year, up from $438 million a year earlier and the biggest quarterly profit since the company's creation. But Tesla also said it expected its factories to run below capacity for the rest of 2022.
How much is Elon Musk worth?
230.4 billion USD (2022)Elon Musk / Net worth
How much has Tesla lost in 2019?
Tesla stock has lost nearly 40% of its value in 2019. But with Wall Street now looking past the smokescreen created by CEO Elon Musk, don’t be surprised to see the stock heading lower.
Does Tesla have to fund itself?
Morgan Stanley’s note points out that Tesla cannot fund itself, so it has to access the capital markets to raised funds. This is exactly what Elon Musk did when he recently raised $2.4 billion in capital through a stock offering. Elon Musk parroted that the money will give Tesla’s autonomous driving dreams a boost, supercharge its growth, and propel the stock to almost $3,000.
Why did Morgan Stanley cut Tesla's stock?
Morgan Stanley cut its bear (worst-case) forecast on Tesla ’s stock from $97 to just $10 on Tuesday, citing concerns about the company’s increased debt load and geopolitical exposure. In particular, Morgan Stanley analysts said the reduction was driven by concerns around Chinese demand for Tesla products. “Our revised bear case assumes Tesla misses ...
How much did Baird cut Tesla stock?
Financial services firm Baird also cut its Tesla estimates Tuesday, lowering the company’s stock to $340 from $400, while T. Rowe Price, for years one of Tesla’s biggest investors, sold around 81% of its holdings over the first three months of 2019.
How many units does Morgan Stanley sell in China?
Morgan Stanley expects the company to sell an average 165,000 units in China annually between 2020 and 2024, leading to a sales exposure of about $9 billion every year if the product is worth $55,000.
Is Tesla's guidance achievable?
Tesla’s guidance achievable, says Oppenheimer’s Rusch. Closing Bell. Tesla shares fell to near $200 Monday after Wedbush cut its price target from $275 to $230 due to the potential impact of distractions from CEO Elon Musk’s “sci-fi projects” on the company’s ability to shore up demand for its core Model 3.