Tesla, the shortest American action, downgraded by Morgan Stanley

Tesla Inc. (TSLA) – Get report The shares declined further from the record highs on Thursday after Morgan Stanley analysts reduced their rating on the clean-energy car manufacturer to ‘underweight’, citing concerns about the sustainability of the recent stock increase.

However, Morgan Stanley analyst Adam Jonas raised his stock price target by $ 110, to $ 360 per share, to partly reflect the gain of more than 35% that the shares have seen in the last month as the group exceeded Street estimates for 2019 deliveries and cut the tape at its mass production facility in China.

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