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Wendy Boyd

Could SpaceX Help Finance A Tesla Go-Private Deal? Morgan Stanley Weighs In

On Monday, Elon Musk revealed Saudi Arabia as the mystery backer behind his recently announced deal to take Tesla private at $420 per share. With details about the potential deal still lacking, a Morgan Stanley analyst said SpaceX could play an important role.

The Analyst

Morgan Stanley analyst Adam Jonas reiterated an Equal-Weight rating on Tesla with a $291 price target.