Todesbuckler
Member
I don't have the actual note (probably can be found on Twitter if you are brave) but Jonas points out that "Despite challenges including decelerating demand and price cuts in China, Tesla is the only electric vehicle maker covered by Morgan Stanley that generates a profit on the sale of its cars."
Tesla’s Stock Slump Has Gone Too Far, Morgan Stanley Says
(Bloomberg) -- After losing nearly $300 billion in market value in two months, a growing chorus of Tesla Inc. analysts say the share-price decline has gone far enough.Most Read from BloombergViolent Protests Erupt at Apple’s Main iPhone Plant in ChinaElizabeth Holmes Judge Proposes Texas Prison...www.yahoo.com
I still don't understand how this isn't brought up more often. Who cares about specs, or battery tech or any of the crap others claim they have when they can't build at a profit?
Gary Black posted the note from Adam Jonas yesterday evening on Twitter:
Interestingly, Adam has a 330$ price target while he assumes almost no EPS growth in 2023.