Tesla Motors Inc Looks Solid Despite Negative Morgan Stanley Report

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Tesla Motors Inc Looks Solid Despite Negative Morgan Stanley Report
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A new report on Tesla Motors Inc (NASDAQ:TSLA) from Morgan Stanley warns that the company’s first quarter vehicle shipment share likely to come in below expectations. The company’s earnings report for the first three months of 2014 is due to arrive on May 7 after the market closes on Wall Street. Trading is likely to be frantic after the company’s release.

Adam Jonas, the Morgan Stanley analyst who authored the report on Tesla Motors Inc (NASDAQ:TSLA), says that though the company’s numbers might be a little bit off in its next earnings release, that doesn’t affect how the investment bank feels about the electric car maker’s prospects in the long term. The report reiterated an Overweight rating on the company, though it did remove the price target.

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