Tesla Stock Falls as Morgan Stanley Downgrades on Valuation Concerns
Tesla dropped after Morgan Stanley downgraded the stock, saying the stock already reflects expected AI gains and lowering near-term auto volume forecasts.
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Morgan Stanley stock rose over 4% after the bank beat Q4 estimates, posting $2.68 EPS on $17.89 billion in revenue as investment banking revenue jumped 47%.
Tesla dropped after Morgan Stanley downgraded the stock, saying the stock already reflects expected AI gains and lowering near-term auto volume forecasts.
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