LB Select
2023.09.12 05:47

Surrounding the prospects of Tesla's stock price, the big short fiercely criticizes the "bullish" Morgan Stanley.

Tesla's stock price surged more than 10% on Monday. Prior to this, Morgan Stanley analyst Adam Jonas raised the target price for the stock to $400, implying a further upside of over 45%. However, Gordon Johnson, the founder and CEO of GLJ Research and a prominent Tesla bear, questioned Jonas' optimistic analysis, pointing out that Jonas' predictions about Tesla's supercomputer capabilities are largely speculative. In addition, Musk's acquisition of Twitter was partially funded by bank loans, including $3.5 billion provided by Morgan Stanley. Johnson stated that this connection, coupled with Morgan Stanley's ownership of nearly 28 million Tesla shares, paints a picture of intertwined interests that raises questions about the impartiality of their analysis.