Morgan Stanley with a downgrade to underweight now. Citing Chinese US relations as most concerning issue
Goldman Sachs and Morgan Stanley downgrade Tesla, saying the stock has gotten ahead of itself
Investors really like Tesla at 1000...should see an early fight to get back there this morning. Not sure the downgrades have mentioned anything new that would draw investor interest out. I think we see a dip for Q2 then rocket away from there
There had been talk this week of it being a good time for Tesla to raise capital with its share price over $1000. Goldman Sachs and Morgan Stanley have been serving as the two lead underwriters for subsequent offerings by Tesla. They would prefer to attempt selling a prospective offering of new shares to their clients at a lower more attractive price. Hence the doubly whammy of downgrades today.
All they have really done is set up a dip buying opportunity for those who have been waiting for one.
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