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Tesla Motors (TSLA) stock was down Tuesday after a Morgan Stanley analyst lowered his estimates for the luxury electric car maker’s Q1 and 2015, ahead of expected Tesla spending to ensure a successful debut of the Model X crossover SUV. Analyst Adam Jonas wrote that Tesla’s gross profit margin is apt to deteriorate as production of the Model X rises in the second half of the year. He expects a loss of 77 cents a share for Q1, deeper than the Scalper1 News
Scalper1 News