The post On Tesla’s path to privatization, Morgan Stanley halts equity coverage of electric automaker appeared first on BardTech . Morgan Stanley is no longer providing equity coverage on Tesla’s stock, the second firm to drop its stock rating on the electric automaker since CEO Elon Musk announced plans via Twitter to take the company private . Tesla declined to comment. Morgan Stanley could not be reached for comment to explain why it dropped Tesla. However, some speculate that the brokerage firm could be playing some role in Tesla’s plan to become a private company. Morgan Stanley’s website no longer shows a stock rating or target price on Tesla. Tesla stock was previously rated at “equal weight.” The move, which was reported by Bloomberg , caused Tesla shares to rise Tuesday. Shares closed at $321.90, about 3.6 percent higher than its opening price. Morgan Stanley analyst Adam Jonas, a longtime bull of Tesla, had a $291 price target on the company. In his last research not...