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Tesla isn't immune to a spending slowdown, Morgan Stanley says while cutting price target

Por: MarketWatch Business October 25, 2022

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That said, Jonas still wants to bake in some caution. He reduced his price target on Tesla shares to $330 from $350 Monday, though he reiterated an outperform rating on the stock. The change comes as Jonas looks to “make room for unexpected headwinds” in the current economic environment. “For example, we want to allow for a greater margin of safety in terms of supply chain, as well as incremental pressures from foreign-exchange headwinds,... + full article



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