Tesla-CATL partnership could be a 'game-changer': Morgan Stanley
03/28/2024 03:03
Tesla (TSLA) has lagged behind its "Magnificent 7" partners, earning mixed messages this week from financial firms. Morgan Stanley held its Overweight rating on Tesla, keeping its price target at $230 per share, but calls its partnership with Chinese EV battery maker CATL a 'game changer' for the industry in terms of supply and pricing. Meanwhile, an analyst at Citi has cut his price target for the company from $224 to $196. Yahoo Finance Anchors Jared Blikre and Josh Lipton break down the latest developments for the company, from pricing to supply. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Nicholas Jacobino
Tesla (TSLA) has lagged behind its "Magnificent 7" partners, earning mixed messages this week from financial firms. Morgan Stanley held its Overweight rating on Tesla, keeping its price target at $230 per share, but calls its partnership with Chinese EV battery maker CATL a 'game changer' for the industry in terms of supply and pricing. Meanwhile, an analyst at Citi has cut his price target for the company from $224 to $196.
Yahoo Finance Anchors Jared Blikre and Josh Lipton break down the latest developments for the company, from pricing to supply.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
Editor's note: This article was written by Nicholas Jacobino