Morgan Stanley Raises Tesla Delivery Forecast on Strong Demand in Europe and China

Morgan Stanley's upward revision of its delivery forecast, citing demand, serves as a positive catalyst for TSLA. Technically, the RSI at 44.8 is in neutral territory, and the price is just above the 20-day SMA, indicating short-term upside potential. The MACD line is above the signal line and approaching zero from negative territory, suggesting momentum could turn positive, albeit weakly. However, the price remains below the 50-day SMA, and a slight decline over the past 24 hours warns that the rally may be limited. Therefore, a modest short-term uptick can be expected.

The news indicates that Morgan Stanley has issued a positive assessment of Tesla, which could provide short-term support for MS shares. However, technical indicators remain very weak: the RSI is in oversold territory at 27, the MACD is negative, and the price is below both the 20-day and 50-day moving averages. The 6.6% decline over the past 24 hours suggests continued selling pressure. Despite the positive news, the deterioration in the technical outlook and the prevailing downtrend suggest that any upside may be limited.