Tesla and Declining Oil Prices: What Mutual Fund Investors Need to Know (TSLA)

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News

Tesla and Declining Oil Prices: What Mutual Fund Investors Need to Know (TSLA)

Shauna O'Brien Dec 17, 2014

A Morgan Stanley analyst offered some cautious commentary on Tesla on Wednesday morning. Here’s what the news means for mutual fund investors.

Inside the Commentary

Morgan Stanley analyst Adam Jonas commented on the declining oil prices impact on Tesla. He noted that the company’s Model S should not be impacted. However, TSLA’s Model 3 will likely be negatively impacted by lower oil prices.

The analyst expects TSLA to sell just 300,000 vehicles in 2020, which is well below TSLA’s estimate of 500,000.

Morgan Stanley has lowered its price target on TSLA from $320 to $290. This new price target suggests a 44% increase from the stock’s current price.

Declining Oil Prices Remove Selling Point for Tesla

The excitement over Tesla has been primarily due to high fuel costs. With gas prices declining, Tesla has lost its main selling point. It is notable to mention that Tesla trades at a rich multiple and is more for aggressive investors.

Mutual Funds to Watch

Investors seeking exposure to Tesla may consider a mutual fund investment. The funds below currently hold the largest stakes in Tesla.
Symbol Mutual Fund Stake
FCNTX Fidelity® Contrafund® 1.68%
VTSMX Vanguard Total Stock Market Index 1.64%
PRGFX T. Rowe Price Growth Stock 1.07%

The Bottom Line

The funds listed above allow investors to gain exposure to a wide range of holdings. Investors interested in Tesla may also be interested in Toyota™ and Ford (F).

Shares of TSLA are up 35% YTD.

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