Valuation Concerns
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Morgan Stanley Tesla Downgrade Update: New Analyst Flags Execution Risks in Autonomy, Robots
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Following yesterday's Morgan Stanley downgrade of Tesla to equal-weight (price target $425), incoming analyst Andrew Percoco—who took over from Adam Jonas—highlights execution risks in autonomous driving and Optimus robots amid slowing EV growth and Chinese competition. Tesla shares slipped over 2% Thursday as valuation concerns mount.