This morning, Tesla (TSLA) was in red for a fifth following day. At 9:35 am Eastern Time, the Tesla share was trading at $ 198.18, 3.5% lower than its previous day. In the last five sessions, the share has fallen 17.2%. Yesterday, Tesla had lost ~ 38.3% this year, while the S & P 500 and NASDAQ Composite had increased by 13.3% and 16.1%, respectively.
What triggered Tesla's sales today?
Today's massive Tesla sale was triggered by analyst Adam Jonas worst scenario with $ 10, which made headlines this morning.
Nevertheless, according to Reuters, Jonas has maintained his "equilibrium" rating and main goal of $ 230 for Tesla, implying a 12% increase from the closing price of $ 205.36 y esterday. Jonas has also given a scenario with the best scenario of $ 391, significantly higher than the company's market price.
Jonas Roses Tesla
Investors may want to carefully examine Morgan Stanley's booth at Tesla before making any stock decisions. In a note, Jonas also praised Tesla and said: "Based on our discussions with car companies, suppliers and technology companies, Tesla's strategic value and technical expertise in both hardware and software remains extremely high, if not in a separate league."