21 AUG

Another Wall Street bank has dropped coverage of Tesla — and it could be a sign Elon Musk is making progress in taking the company private (TSLA)

Morgan Stanley has joined Goldman Sachs in restricting its research coverage of Tesla.
Elon Musk is attempting to take the electric-car maker private and has begun tapping banks for services.
Follow Tesla’s stock price in real-time here.

Morgan Stanley has dropped research overage of Tesla in what could be another sign of Elon Musk’s electric-car company tapping banks for financial services in its bid to go private.

Goldman Sachs previously dropped coverage last week and said it was “acting as a financial advisor in connection with a matter that is fundamental to the reasonable analysis of the rating and price target for the stock.”

See the rest of the story at Business Insider

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.