Morgan Stanley Downgrades Tesla (TSLA) to Equalweight

Morgan Stanley analyst Adam Jonas downgraded Tesla (NASDAQ: TSLA) from Overweight to Equalweight with a price target of $250.00 (from $200.00).

The analyst comments: "We raise our Tesla price target to $250 from $200, Bear Case valuation to $90 from $70, and Bull Case valuation to $450 from $390. Following these changes, we change our rating to Equal-weight from Overweight given a relatively full valuation and a more balanced risk reward and highlight key drivers and investor debates for the stock at this level."

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $259.31 yesterday.

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