trending Market Intelligence /marketintelligence/en/news-insights/trending/iKijbdLMMowHAaIDM3qB2A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Tesla shares drop after Morgan Stanley issues downgrade

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Tesla shares drop after Morgan Stanley issues downgrade

Shares of Tesla Inc. dropped more than 3% in morning trading Jan. 16 after Morgan Stanley downgraded the electric car company.

Tesla shares dipped 3.1% to $502.31 during morning trading, recovering slightly from a more than 4% drop before U.S. markets opened.

Morgan Stanley downgraded Tesla to underweight from equal-weight based on its valuation, unfavorable risk-reward and risks to Tesla's long-term business in China, analyst Adam Jonas wrote in a Jan. 16 research note.

The automaker hit and surpassed $500 per share on Jan. 13 and had been steadily rising. Jonas said that while near-term momentum and sentiment around the stock was very strong, he questions "the sustainability of the momentum."

The analyst said Tesla deserves to be one of the most valuable auto companies but that investors will probably see better opportunities to buy the stock in the future. Morgan Stanley also raised its Tesla price target to $360 from $250 after increasing expectations for Tesla's core auto business but decreasing expectations for the mobility business.

Tesla's faster-than-expected ramp-up in China was a testament to the company's desire to tap into the market there, Jonas said, but he is concerned about automakers in general in the Chinese market.

"However, we continue to harbor concerns whether an auto business commercializing advanced, dual-purpose technology in economically sensitive industries could be a long-term winner in the Chinese market," Jonas said. "We do not apply this concern to TSLA alone, but to all [original equipment manufacturers] under our coverage."

Tesla did not respond to a request for comment by S&P Global Market Intelligence.