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Tesla Rises as Morgan Stanley Boosts Rating: San Francisco Mover

Tesla Motors Inc. rose the most in four months after Morgan Stanley boosted its rating on the electric-car maker to overweight, saying concerns that Model S production is increasing too slowly “are overdone.”

The shares climbed 7.1 percent to $32.54 at the close in New York, its biggest daily advance since May 10. Tesla has gained 14 percent this year.