Morgan Stanley, which has been a permabull on Tesla (TSLA), has downgraded the stock from an “Overweight” to “Equal-Weight” while raising its target price to $425 from$410. The news came as a shock to me, as Morgan Stanley analyst Adam Jonas had been among the biggest Tesla stock bulls in the sell-side community. However, the downgrade hasn’t come from Jonas, who has shifted to a new internal role focused on artificial intelligence (AI) companies, but from Andrew Percoco, who has assumed the coverage. S ...