Morgan Stanley warns Tesla Cybercab launch could trigger sell-the-news
Morgan Stanley analyst Andrew Percoco reiterated a Hold rating and $400 price target, arguing Tesla’s autonomy catalyst could act as a “sell the news” event around its September 3 Cybercab launch.
Tesla NASDAQ:TSLA is heading into its September 3 Cybercab launch with Morgan Stanley warning that one of the company's biggest autonomy catalysts could turn into a sell the news event.
Analyst Andrew Percoco reiterated a Hold rating and $400 price target, arguing that a limited rollout could disap…