Tesla Bull Adam Jonas Cuts Rating Due to SolarCity Deal Risk

  • Morgan Stanley analyst reduces price target to $245 from $333
  • Stock plunged to below $200 after acquisition annnouncement

Why Tesla Wants to Take Over SolarCity

Morgan Stanley’s Adam Jonas, one of the most bullish analysts on Tesla Motors Inc., joined the ranks of those who have panned Elon Musk’s $2.86 billion proposal to combine the automaker with solar-panel provider SolarCity Corp.

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