Tesla Stock Downgraded by Morgan Stanley Amid EV Market Challenges
Tesla shares fell sharply after Morgan Stanley downgraded the stock to 'equal-weight,' citing near-term risks in its EV business. The firm maintained a $425 price target, noting Tesla's leadership in AI and robotics could justify future premiums.
Analysts highlighted choppy trading ahead as Tesla faces earnings pressure. The EV maker's stock volatility reflects broader sector uncertainty, with Wall Street split between buy, hold, and sell ratings.