Tesla shares could slip as the EV maker presses ahead with its price war, according to well-known bull Adam Jonas.Reuters/Stephen Lam Well-known Tesla bull Adam Jonas slashed his rating for the stock Thursday. Earnings will likely fall as the EV maker presses ahead with its price war, he wrote in a research note. Shares have jumped 115% year-to-date – and the Morgan Stanley analyst isn’t alone in advising investors to take some profits from that rally. Top Tesla bull Adam Jonas has warned investors that the EV stock is likely to give up some of its gains after starting 2023 with a breathtaking rally.The Morgan Stanley analyst slashed his rating for Elon Musk's company from "overweight" to "equal weight" Thursday, and shared a $250 price target that would see the stock fall around 4% from its current price level.Jonas' caution comes after Tesla started 2023 with a breakneck surge, jumping 115% year-to-date – while the benchmark S&P 500 is up 14% over the same period."I have to be up-front with you all," he wrote in a research note seen by Insider.

NEXT
Topics:  reuters/stephen lam   well-known tesla   earnings   shares   top tesla   s&p   april 19."despite   chinese ev   twitter   linda yaccarino   china   ford   gm   dan levy   business   ev   jonas   tesla   adam   i   morgan stanley   musk   elon musk   insider   ceo   rally   company   analyst   slashed   ndash   war   maker   fall   wrote   research   presses   year-to-date   thursday   note   expect   equal   report   focus   renewed   
BING NEWS:
  • Longtime Tesla investor Ross Gerber on why Musk's ties to Trump might not boost the EV maker
    Gerber has grown skeptical of Musk's other ventures in recent years, and has said previously that his side projects are hurting the Tesla brand.
    11/30/2024 - 12:18 am | View Link
  • Trump Win 'Biggest Positive' For Elon Musk's Tesla, Tech Bull Says It Could Boost EV Giant's Stock By This Much
    Tech bull and prominent ... is a negative for the EV industry as the EV rebates/tax incentives get pulled, however for Tesla a huge positive for scale/price advantage.” Ives projects a potential ...
    11/18/2024 - 10:44 am | View Link
  • Long-Time Tesla Bull Rages As Elon Musk Reportedly Backs Trump's Plan To Ax $7.5K EV Credit: 'Insanity'
    Prominent Tesla Inc investor Ross Gerber blasted Tesla's reported support for eliminating the $7,500 federal electric vehicle tax credit, calling the position "insanity" on social media platform X.
    11/14/2024 - 1:52 pm | View Link
  • Tesla Stock’s Post-Election Rally Stalls But Analyst Talks Up His $500 Bull-Case Scenario: Retail Mood Stays Sour
    Shares of Elon Musk-led electric-vehicle company Tesla, Inc. ($TSLA) fell sharply on Tuesday, snapping a five-session winning streak. Tesla’s stock began to trend higher following the Oct. 23 earnings ...
    11/12/2024 - 5:00 am | View Link
  • More

 

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Business News