Ahead of Tesla, Inc.‘s (NASDAQ:TSLA) fourth-quarter results on Wednesday, a fund manager raised questions about the price target of a bullish analyst. What Happened: Morgan Stanley analyst Adam Jonas cut his estimates for Tesla, citing expectations for a challenging year for electric vehicles. He reduced the 2024 adjusted earnings per share estimate from $2.41 to $1.98, down from the $3.02 per share estimated for 2023. Morgan Stanley’s price target dropped from $380 to $345, with reductions attributed to lower volume, average transaction price, and margins in the core auto business, as well as…
