Morgan Stanley analyst Andrew Percoco downgraded Tesla (TSLA) to Equal Weight from Overweight with a price target of $425, up from $410, after assuming coverage under a new analyst. The firm sees Tesla becoming a market leader across autonomous mobility, renewable energy, and robotics. However, with the shares at trading at 30-times estimated 2030 EBITDA and potential downside to consensus estimates in the near-term, Morgan Stanley prefers to await a better entry point. Morgan Stanley’s 2026 auto volume forecast for Tesla is now 13% below consensus due to a more cautious electric vehicle industry outlook. It also believes Tesla’s “non-auto catalyst path” is already priced into the shares.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSLA:
- Tesla: Hold Rating Amidst Valuation Concerns and Market Volatility
- Tesla plans to launch lower-cost Model 3 car in Europe, Reuters says
- Cathie Wood Cuts Stakes in Tesla and Meta Stocks Again, Loads Up on Baidu and Trade Desk (TTD)
- Can Tesla’s (TSLA) Model 3 Standard Win Back Europeans? These Are the Obstacles
- Man Says that Grok AI Saved His Life after an ER Misdiagnosis