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1/16, 10:17 AM (Source: TeleTrader)
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Morgan Stanley cuts Tesla rating to underweight

Morgan Stanley cut on Thursday Tesla Inc.'s rating to underweight from equal weight raising its stock target price from $250 to $360.

Electric carmaker Tesla recently launched its SUV Model Y program at an event at its Gigafactory in Shanghai, China, after it beat Wall Street calculations for annual car deliveries and met the low-end of its own target.

Tesla shares traded 2.31% in the red in premarket at 4:15 am ET.

Breaking the News / TF