Morgan Stanley Downgrades Tesla, Stock Drops

Morgan Stanleys Adam Jonas downgrades Tesla to equal weight, indicating a more cautious outlook on the electric vehicle giants stock performance. Jonas believes Teslas current valuation already accounts for its future possibilities, leaving little room for errors in execution. Tesla shares dropped following the announcement, reflecting investors close watch on analyst ratings.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.