Is it about to get even worse for Tesla?
Tesla can normally rely on positive commentary from its biggest champion in the investment community, Morgan Stanley analyst Adam Jonas.
After the second-quarter results and call featuring CEO Elon Musk, however, the Tesla 'mega-bull' was nonplussed. 'Almost no detail on outlook. Tesla's outlook continues to lack any specific targets on revenues or margins,' he wrote in a note to investors. 'Elon seems to be… exiting the auto industry'.
Jonas noted that Musk was 'pulling capital out of the business and doubling down on AI, autonomy and robotaxis.'
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