The reason for this week's significant stumble appears to be most strongly linked to a note from Morgan Stanley's Jonas Adams on Monday. The analyst, who's usually quite bullish on TSLA, lowered his future outlook by $117 – from $450 to $333. According to The Motley Fool, the missive read, in part "We are lowering our price target by 26% to reflect our lowered volume expectations for Model X and Model 3, a lower valuation for Tesla Energy, and accelerating competition in the mobility business." The revised estimate, of course, still places the price a decent amount above where it stands today.
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