Morgan Stanley analysten proberen de koers verder naar beneden te praten wegens iets lagere winstmarges op het model 3 ( gestegen materiaalprijzen?), het model 3 krijgt wat strukturele tegenwind zeggen ze:
Citaat:
https://www.benzinga.com/analyst-rat...nt=ticker_page
The Rating
Morgan Stanley analysts Adam Jonas and Armintas Sinkevicius maintained an Equal-Weight rating on the stock, but cut their price target from $376 to $291.
The Thesis
The 23-percent slash aligns with lower-than-expected auto margins.
Morgan Stanley decreased long-term auto margin forecasts from 34 percent to 27 percent reflective of rising raw material prices, FX headwinds and enduring manufacturing issues at Model 3 facilities. Management has conceded it over-automated the vehicle production process and is making costly adjustments.
“It is our view that the challenges in ramping up Model 3 production reflect fundamental issues of vehicle design, manufacturing process, and automation levels that can weigh against the profitability of the vehicle,” Jonas and Sinkevicius wrote in a note.
They consider the Model 3’s suboptimal margins a structural headwind.
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Target van $376 zomaar naar $291 verlaagd, en daar zit het aandeel al onder, toen dit bericht van MS publiek werd stond het aandeel in de voorbeurs al 2% lager of $285.
Citaat:
Price Action
At time of publication, Tesla was set to open down 2 percent at $285.87.
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Wslk willen ze bijkopen, dat is natuurlijk goedkoper bij lagere waarde.
Voor de pubers:
