- Morgan Stanley is out with new long-term production estimates on Tesla Motors (NASDAQ:TSLA).
- Analyst Adam Jonas lowers the 2018 forecast for Model 3 volume to ~40K.
- The outlook for 2020 deliveries is dropped to 297K vs. Tesla's target of 500K.
- The lowered expectations from MS on production are counterbalanced to a degree by the higher average transaction price it sees as the sales mix stays shifted toward the luxury segment.
- The price target on Overweight-rated TSLA is taken to $290 from $320 by MS.
- Tesla's dip below $200 drew out 187 comments yesterday on SA from bulls and bears
- TSLA -1.8% premarket to $194.20.