Morgan Stanley Downgrades Tesla, Raises Price Target
Update: 2025-12-08
Description
Morgan Stanleys new Tesla analyst, Andrew Percoco, downgrades stock from Overweight to Equal-weight despite increasing price target to $425. Percoco cites high valuation due to AI ambitions and anticipates choppy trading ahead. He moderates outlook on automotive and energy segments, reducing projected deliveries through 2040. However, he remains optimistic about Full Self-Driving technology and robotaxi service launches.
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