Submitted by PapaSmurf on February 26, 2014
I am a happy Tesla Model S owner and fanboy. So don't say that I am being negative or anything.
However I have to agree with this article about how bad Morgan Stanley looks with the recent events.
1) On Tuesday morning, Morgan Stanley wrote a huge upgrade article with a new target of $320 per share
2) On Wednesday Tesla announces convertible bond offering. With the much higher stock price, this dramatically lowers potential dilution.
This is really borderline stuff.
"This is exactly the modus operandi of the dot-com analysts: roping retail investors in at higher and higher levels while the companies concerned massively diluted shareholders leading to an implosion... I cant remember a time apart from Dotcom where price targets were jacked up in this way right before a capital raising."