After Tesla’s stock slumped to its lowest level since December 2016 on the back of bearish analyst coverage on Monday, Morgan Stanley chimed in on Tuesday, slashing its ‘worst-case’ Tesla share price target to just US$10 from US$97 in case the U.S.-China trade war hits the EV maker and dampens significantly demand for its cars on the Chinese market. According to Morgan Stanley analyst Adam Jonas, the key drivers for the ‘bear case’ downgrade are a worst-case outcome of the trade war and rising debts at Tesla. According…
