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Tesla Slashed By Morgan Stanley Due To Oversupply In EV Market

NewsTech

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Tesla China

Electric vehicle manufacturer Tesla is at the center of a bearish analyst note by one of its biggest fans, Morgan Stanley, who has reduced its share price target for the company. Tesla,  the world's largest EV manufacturer, struggled during 2023 as high inflation coupled with a slow credit environment led to a sales slowdown. Now, Morgan Stanley believes that Tesla is in for more pain this year, as the bank reduces the firm's share price target by 9.2% to $345 from an earlier $380. Global EV Market Is Facing Demand Supply Mismatch Says Morgan Stanley As Part Of Its Tesla […]

Read full article at https://wccftech.com/tesla-slashed-by-morgan-stanley-due-to-oversupply-in-ev-market/

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