Tesla is shifting from a company many believed had vast long-term growth potential to a “distressed-credit and restructuring” story, says Morgan Stanley
Share to twitterTesla CEO Elon Musk exits federal court after attending a hearing on April 04, 2019 in New York City.Tesla has entered a dangerous phase in its relatively short life, shifting from a company many believed had vast long-term growth potential to a “distressed-credit and restructuring” story, according to an influential Wall Street analyst., discussed concerns about the company in a nearly one-hour call with investors that was recorded and leaked online Wednesday.
, which could be triggered by factors including missing estimated sales goals for China by as much as 50%. The stock plunged 6% in Nasdaq trading on Wednesday to $192.73, its lowest since December 2016. Tesla is down 42% this year. The company didn’t immediately respond to a request for comment on the matter. Jonas’s comments were reported earlier by
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