Tesla Another Huge Loss But Higher Revenue, Model 3 Production

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  • #17789
    Super Harley
    Participant

    Looking more brittle by the day – Tesla Inc NASDAQ: TSLA Pre-market 288.90 −16.60 (-5.43%)

    #17793
    Super Harley
    Participant

    JP Morgan slashed its stock price target to $195 from $308

    Analysts led by Ryan Brinkman had boosted their price target after that infamous tweet, which said Musk was considering taking the company private at $420,

    “Our interpretation of subsequent events leads us to believe that funding was not secured for a going private transaction, nor was there any formal proposal,” .

    … “is potentially far from even being formally proposed, which is different from our understanding on August 8 which was based on Mr. Musk’s statement on Twitter that, only reason why this is not certain is that it’s contingent on a shareholder vote,”

    Brinkman conceded that Tesla does seem to exploring a going-private transaction, “but we now believe that such a process appears much less developed than we had earlier presumed (more along the lines of high level intention), suggesting formal incorporation into our valuation analysis seems premature at this time.”

    #17814
    ThePitBoss
    Participant

    Morgan Stanley announced that Tesla $TSLA coverage has been discontinued by the firm

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