Morgan Stanley analysts slashed their worst-case scenario for Tesla’s stocks from $97 to just $10 a share Tuesday a day after the electric car maker’s stocks dropped 4.4 percent in midday trading to $201.83.
Morgan Stanley has cut its worst case scenario forecast for shares in the electric vehicle maker Tesla from $97 (£76) to just $10 due to fears that it could be entangled in the USA's trade war with China.
Tesla's stock price isn't the company's only financial metric tumbling this week. The price of Tesla debt has plummeted alongside the company's equity shares, hitting a new record low of $82.012 Tuesday
Stocks were generally higher on Tuesday, as investors finally took some comfort from the possibility that things might not turn out as badly on the geopolitical front as many have feared in recent days.