August 21, 2018 / 12:40 PM / 3 months ago

Morgan Stanley stops research coverage of Tesla

Aug 21 (Reuters) - Brokerage Morgan Stanley has halted equity coverage on Tesla Inc, potentially a sign the U.S. bank may be doing business directly with the electric carmaker as it explores options to go private.

Goldman Sachs dropped its coverage of Tesla last week shortly before confirming it was acting as a financial adviser on a matter related to the automaker.

Morgan Stanley’s website showed Tesla had been moved to “Not Rated” from “Equal-weight” on Tuesday. (Reporting by Sonam Rai in Bengaluru; editing by Patrick Graham)

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