According to Morgan Stanley, Tesla Motors TSLA is downgraded to Underweight.
Morgan Stanley said that the metamorphosis from concept stock to reality stock brings heightened risk. “Tesla shareholders are long a near-dated call option on Model S launch and a longer-dated call on mass EV adoption. The former has appreciated handsomely while the latter is declining. We downgrade Tesla to UW from OW.”
Tesla Motors closed yesterday at $34.19.
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