Tesla’s Worst-Case Price Target Slashed to $10 at Morgan Stanley

(Reuters) – Shares of Tesla Inc were on track for a fifth straight session of losses on Tuesday, as Morgan Stanley analysts outlined a worst case scenario that could see the electric carmaker’s stock price fall as low as $10.

Influential Morgan Stanley auto analyst Adam Jonas maintained his price target of $230 per share. What’s getting a lot of people talking in his extreme bear-case scenario price target cut, from $97 to.

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May.21 — Tesla Inc. saw Morgan Stanley analysts slash the automaker’s worst-case scenario for the share price to just $10 on demand concerns. Bloomberg’s David Welch reports on "Bloomberg Markets."

The analysts, led by the longtime Tesla watcher Adam Jonas, cut their worst-case-scenario target to $10 from $97. While the firm’s price target was held at $230, the extreme downside implies a 95%.

A look at social media platforms such as Twitter, for example, would reveal some Tesla critics stating that the $10 worst-case estimate was Morgan Stanley’s new price target for TSLA stock.

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Tesla’s Worst-Case Price Target Slashed to $10 at Morgan Stanley May.21 — Tesla Inc. saw Morgan Stanley analysts slash the automaker’s worst-case scenario for the share price to just $10 on demand concerns.

Morgan Stanley Piles Pressure on Tesla With $10 Worst Case Call. was the latest to cut its price target for the Elon Musk-run company to $340 from $400, saying concerns over demand, credibility.

Shares of Tesla edged down, heading for their fifth straight session of losses, and bonds weakened, after Morgan Stanley analyst adam jonas outlined his worst case scenario. Jonas forecast the shares.

Tesla shares are nearing Morgan Stanley’s price forecast but the firm isn’t sure. more than 25% in just a couple weeks. On May 21, Jonas slashed his worst-case scenario forecast for Tesla to $10 a.

May.21 — Tesla Inc. saw Morgan Stanley analysts slash the automaker’s worst-case scenario for the share price to just $10 on demand concerns. Bloomberg’s David Welch reports on "Bloomberg Markets." Tesla’s Worst-Case Price Target Slashed to $10 at Morgan Stanley [Video]

Morgan Stanley slashed its bear forecast on Tesla Inc (NASDAQ:TSLA) to $10 from $97, saying the downwardly revised worst-case scenario assumes a major. However, analyst Adam Jonas maintained his.