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VOL. 43 | NO. 20 | Friday, May 17, 2019

Tesla shares recover after analyst's prediction of trouble

The Associated Press

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Shares of Tesla opened lower Thursday, but recovered into positive territory a day after an influential analyst questioned whether the company will become a restructuring story.

Stock in the Palo Alto, California, company fell 3% after the opening bell but then rebounded within an hour. It was trading up 2.5% to $197.61.

The volatility came after Morgan Stanley analyst Adam Jonas told investors on a private call that demand for Tesla's cars was lower than predicted. He says if it continues into next year then Tesla will become a restructuring story. A recording of the call was obtained by The Associated Press.

Jonas also says that Tesla has 49,000 employees and is the size of a company that sells a million vehicles per year. Last year it sold 245,000.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0