Morgan Stanley stops research coverage of Tesla

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 automakerREUTERS  |  August 21, 2018, 18:25 IST
A Tesla car charges at a charging station in Beijing, China, April 18, 2017. REUTERS/Thomas Peter/Files
A Tesla car charges at a charging station in Beijing, China, April 18, 2017. REUTERS/Thomas Peter/Files
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.