{"id":13383,"date":"2024-04-08T18:40:28","date_gmt":"2024-04-08T13:10:28","guid":{"rendered":"https:\/\/bigbreakingwire.in\/morgan-stanley-retains-310-target-bernstein-holds-at-underperform-with-120-price-on-tesla\/"},"modified":"2024-04-08T18:40:28","modified_gmt":"2024-04-08T13:10:28","slug":"morgan-stanley-retains-310-target-bernstein-holds-at-underperform-with-120-price-on-tesla","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/morgan-stanley-retains-310-target-bernstein-holds-at-underperform-with-120-price-on-tesla\/","title":{"rendered":"Morgan Stanley Retains $310 Target, Bernstein Holds at Underperform with $120 Price on Tesla"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>Morgan Stanley suggests that Tesla&#8217;s growth projection of a 50% CAGR (compound annual growth rate) for volume throughout the decade might be difficult to achieve, as Tesla&#8217;s unit volume has declined nearly double digits year-over-year in the first quarter of 2024 and is expected to continue falling for the rest of the year.<\/p>\n\n\n\n<p>Despite this, Morgan Stanley has reiterated its price target of $310 for Tesla, indicating that the firm still maintains a positive outlook for the company&#8217;s long-term prospects.<\/p>\n\n\n\n<p>However, Morgan Stanley also acknowledges that in the coming quarters, their bear case scenario for Tesla, with a price target of $100, could become a reality if the company&#8217;s performance continues to decline.<\/p>\n\n\n\n<p>This suggests that while Morgan Stanley has a generally optimistic view of Tesla&#8217;s future, there is also a recognition of the potential risks and challenges that the company faces.<\/p>\n\n\n\n<p>Bernstein has reiterated its &#8220;Underperform&#8221; rating for Tesla stock, maintaining a price target of $120. <\/p>\n\n\n\n<p>The firm views Tesla&#8217;s upcoming unveiling of the ROBOTAXI on August 8 as more of an aspirational move, similar to previous announcements like the Tesla Semi and Roadster. <\/p>\n\n\n\n<p>However, they do not expect the ROBOTAXI to be Tesla&#8217;s next major model. Additionally, Bernstein highlighted the competitive landscape, noting that competitors like BYD already offer a $15K sedan, the Qin Plus, which boasts a 250-mile range and is larger than the Model 3. The firm expects competitors&#8217; offerings to improve over the next three years, posing a challenge to Tesla.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Morgan Stanley suggests that Tesla&#8217;s growth projection of a 50% CAGR (compound annual growth rate) for volume throughout the decade might be difficult to achieve,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[618,616],"tags":[2971,2087,3198,1578,3139,1138,1559,1192,3199,3196,2053,2737,2885,2158,3200,475,3201,1207,1495,3197,112],"class_list":["post-13383","post","type-post","status-publish","format-standard","hentry","category-brokerage-reports","category-stock-in-news","tag-tsla","tag-analysts","tag-estimates","tag-financial-analysis","tag-financial-markets","tag-financial-news","tag-forecast","tag-investment","tag-predictions","tag-price","tag-price-targets","tag-ratings","tag-stock","tag-stock-analysis","tag-stock-forecasts","tag-stock-market","tag-stock-predictions","tag-stock-price","tag-stocks","tag-target","tag-tesla","entry","rows"],"jetpack_publicize_connections":[],"modified_by":null,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-3tR","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/13383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=13383"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/13383\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=13383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=13383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=13383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}