Morgan Stanley Expects Lower Sales of Tesla Model S and Model X



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People watch an X Tesla model exhibited at a shopping mall in Hong Kong on March 10, 2019

Vivek Prakash | AFP | Getty Images

People watch an X Tesla model exhibited at a shopping mall in Hong Kong on March 10, 2019

Morgan Stanley lowered Tesla's price target on Monday, saying the automaker is expected to deliver fewer vehicles in 2019, including its upscale Model S sedan and its Model X sport utility vehicle.

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