Tesla’s stock target has been cut by Morgan Stanley analyst Adam Jonas due to weak auto deliveries, which he forecasts will decline by around 10% year over year. The analyst reduced his price target to $410 per share, still implying a 73.5% gain from Thursday’s close. Despite the downward revision, Jonas remains bullish on Tesla and keeps it as a “top pick.” He lowered his first-quarter delivery estimates to 351,000, down more than 9% compared to last year. The analyst attributed this decline to increased competition, an aging lineup, and negative brand sentiment stemming from CEO Elon Musk’s recent political activities.
Tesla shares have been on a losing streak for the ninth consecutive week, with the stock off by more than 41% in 2025. Investor sentiment has shifted from bullish to bearish, with one-fifth of investors polled by Morgan Stanley forecasting deliveries to fall by over 10% year over year.
Source: https://www.cnbc.com/2025/03/20/top-tesla-analyst-cuts-target-on-falling-sales-but-keeps-buy-rating.html