Tesla’s Blockbuster 73% Sales Spike Isn’t Fooling Anyone. It Changes Nothing.

By CCN: Morgan Stanley analyst Adam Jonas buried the lede in remarks on Wednesday, in which he touted Tesla’s 73 percent year-over-year increase in US sales for the month of May. Don’t be fooled by spiking numbers Jonas noted that Tesla delivered 11,300 vehicles in May, which was 2.6 times the combined total of all competitors’ offering. That’s all well and good, and probably why Tesla stock experienced a little bounce this week. Morgan Stanley has also pegged Tesla to de