It’s harder than ever for Tesla investors to justify the stock’s sky-high share price, Morgan Stanley analysts wrote to clients this week, and suggested that’s likely to get worse before it improves.
The bank (Morgan Stanley) has a bullish target of $410, which it breaks down into five buckets: $75 a share for the EV business, $160 for in-car software services, $90 for robotaxis, $67 for energy storage, and $17 for Tesla as a third-party supplier to other companies.
If you have money in Morgan Stanley funds watch out, if they have this bullish of an evaluation that probably means they’re buying and that you have exposure to the whims of a psychotic man child, or at least more exposure then the rest of us living in trumps America .
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If you have money in Morgan Stanley funds watch out, if they have this bullish of an evaluation that probably means they’re buying and that you have exposure to the whims of a psychotic man child, or at least more exposure then the rest of us living in trumps America .