Morgan Stanley Reiterates Overweight On Tesla Motors Following 3Q Results

In a research report released today, analyst Adam Jonas of Morgan Stanley reiterated an Overweight rating on Tesla Motors (NASDAQ:TSLA). Following 3Q results, updated outlook and Model X launch delay, Jonas is making significant adjustments to his 2014 and 2015 earnings forecasts, leaving his target unchanged at $320.

Jonas noted, “We have adopted our Model X forecasts not only for a 3Q launch (which we expect to be late 3Q), but also for a slow ramp once deliveries begin. Our forecasts apply what we believe to be reasonable execution risk on this important model to ensure uncompromising quality of initial units. We recently raised a question about whether a seemingly mundane attribute of the car, the falcon doors, could prove to be a technical challenge at scale.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Adam Jonas has a total average return of 19.3% and a 52.1% success rate. Jonas has a 53.5% average return when recommending TSLA, and is ranked #153 out of 3410 analysts.



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