Tesla margins will tighten as price cuts wage EV war: Morgan Stanley
Teslarati
MARCH 20, 2023
After reiterating an ‘Overweight’ rating and a $220 price target on the automaker’s stock, Morgan Stanley analysts said that the recent moves by EV makers across the industry to reduce prices are indicative of a trend and not a fad. “We believe EV price cuts are not a fad, but a trend,” analysts wrote in a note.
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