Tesla’s stock experienced a decline following Morgan Stanley’s decision to lower its price target, citing a decrease in demand for electric vehicles. This adjustment came amid concerns regarding the future trajectory of the electric vehicle market and consumer interest in such products. The shift in Morgan Stanley’s outlook underscores broader apprehensions within the industry regarding the sustainability of current growth patterns for electric vehicles. As Tesla navigates through this evolving landscape, investors and stakeholders are closely monitoring developments that could impact the company’s performance moving forward.
Tesla shares drop as Morgan Stanley slashes price target amid EV demand decline.
