Hello and welcome to the Thursday January 16th

2020 edition of Tesla Daily on official Tesla podcast.

My name is Rob Maurer. Today we are talking about Adam

Jonas of Morgan Stanley's most recent note on Tesla that came out before market open today.

And then we also have some comments from Volkswagen CEO to talk about as well.

So looking at Tesla stock on the day, actually a pretty impressive recovery throughout the day.

It began the morning in the 490s below $500 per share, but finished the day down just 1% at $113.49,

but that did compare to the NASDAQ, which was up 1.1%, which is a pretty big move for an index.

So I do believe that the Jonas note did hurt the stock today,

as well as the report that we had yesterday

about California registrations being down.

Talked about that yesterday,

so we won't go through that again. But I did

want to go through the Jones report today and it's not necessarily because I care too

much about what any individual analyst has to say, but I do think it's important to

understand because the market does seem to react to them.

And it is a good jumping off point for discussion.

Looking at Jonas's note, this one's a little bit weird because in this case they actually

did increase their price target by almost 50% from $250 per share previously to

360 dollars per share but they also downgraded meaning they changed their rating from equal weight to underweight.

A mixed report that shows an improved outlook for Tesla but not compared to the recent

price appreciation that we have seen.

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