Tesla is raising $2.7 billion in fresh capital but that is only 'a 12 month bridge,' Morgan Stanley said on Monday.
"Increased dependency on China and robotaxi undermines the resilience of the Tesla investment story," Morgan Stanley analyst Adam Jonas said in a note to investors.Tesla's own ambitious sales targets will require success in both manufacturing and delivering cars in China, according to Morgan Stanley.
"Increased dependency on China and robotaxi undermines the resilience of the Tesla investment story," Morgan Stanley analyst Adam Jonas said in a note to investors. Jonas, who is widely followed for his early calls on Tesla and electric vehicles, has become increasingly cautious in his opinion of Musk's car company.
Morgan Stanley's estimates "are prepared for Model S and X demand to remain extremely weak throughout the year," Jonas said, as "the models are still rather old and face cannibalization risk from the ever-growing second-hand population of Teslas."
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