Morgan Stanley Downgrades Tesla Motors to Hold

By Jason Carr

Morgan Stanley analyst Adam Jonas downgraded Tesla Motors (NASDAQ: TSLA) to Hold today. The company’s shares closed last Friday at $324.81, close to its 52-week high of $327.66.

According to, Jonas is a 5-star analyst with an average return of 12.2% and a 52.2% success rate. Jonas covers the Consumer Goods sector, focusing on stocks such as Fiat Chrysler Automobiles, Harman International, and Tenneco Automotive.

Currently, the analyst consensus on Tesla Motors is Hold and the average price target is $276.92, representing a -14.7% downside.

In a report issued on May 2, RBC Capital also reiterated a Hold rating on the stock with a $314 price target.

Based on Tesla Motors’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.7 billion and GAAP net loss of $330 million. In comparison, last year the company earned revenue of $1.15 billion and had a GAAP net loss of $282 million.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Robyn Denholm, a Director at TSLA sold 20,000 shares for a total of $6,235,200.

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Tesla, Inc. engages in the designing, development, manufacturing and sale of electric vehicles and electric power train components. Its products include electric vehicles such as the Model S, Model X, Model 3 and the Tesla Roadster. The company also manufactures home batteries and solar roof. Tesla was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.