Morgan Stanley Lowers Tesla (TSLA) Model X Vehicle Delivery, Cuts FY15 EPS Below Consensus

Shares of Tesla Motors (TSLA) fell more than 3% in premarket trade Wednesday, after Morgan Stanley (MS) slashed its forecasts for Model X deliveries forecast to 5,000 units from 15,000 units. The firm said the reduction was made “to reflect reasonable execution risk and a slower ramp to ensure quality”. MS also cut its fiscal […] View the full post at: Morgan Stanley Lowers Tesla (TSLA) Model X Vehicle Delivery, Cuts FY15 EPS Below Consensus Related posts: Jobs Cuts for a Troubled Industry Hedge Fund Giant Stanley Druckenmiller Retiring After 30 Years