Hey everybody Rob Maurer here and today we are talking about downgrades for

Tesla stock from Goldman Sachs and Morgan Stanley, some new features for

Tesla autopilot waiting in the wings, some news on solar roof as well as the Ford Electric

F-150. Tesla stock on the day today did finish down 3.9% so a couple of rough days here after crossing $1,000 per share.

Never seen Tesla investors so disappointed up with a $935 close, but it is what it is that was on a couple

downgrades today from Goldman Sachs and

Morgan Stanley likely contributing to Tesla's underperformance versus the NASDAQ

which finished up 1%. Neither downgrade was significant from a price target change

perspective.

Morgan Stanley changed their target from $680 to $650.

And Golden Sachs actually increased, despite the rating downgrade from $925 per share to $9.50.

I want to spend a little bit more time on the Morgan Stanley note,

but Golden Sachs downgraded to neutral, primarily on valuation concerns,

saying that, quote, we'd look to become more positive on Tesla stock again if we had more confidence

in a near to intermediate term trajectory and fundamentals or evaluation became more attractive,

end quote. Goldman Sachs is forecasting about 425,000 deliveries for Tesla in 2020, which is a little bit higher than the street consensus, which last time I saw was right around 420,000.

Morgan Stanley has downgraded Tesla from equal weight to underweight and again lower their price target from $680 to $650.

They're projecting $490,000 deliveries for 2020.

Of course, a few weeks back I walked through Tesla's path for beating

guidance this year which was more than 500,000 vehicles. I was pretty

confident in that at that time and I've only grown more confident since.

Adam Jonas of Morgan Stanley's main reason for lowering his price target is short-term risk, noting

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