Tesla Surprising Wall Street With May Demand For Model 3

The month of May saw Tesla continue “to extend its lead vs. a still-small group of true [electric vehicle] competitors,” Morgan Stanley analyst Adam Jonas wrote in a note to investors, the same analyst once not so long time ago warned investors that “Tesla is not really seen as a growth story” and currently seems more “like a distressed credit and restructuring story.”

Morgan Stanley noted that Tesla’s estimated total U.S. sales of 11,300 vehicles in May was 2.6 times the combined total of its competitors’ electric vehicle offerings.

It seems that Wall Street has changed its mind when it comes to Tesla. 


Share this post

Link to post
Share on other sites
Sign in to follow this  
Followers 0