Morgan Stanley just brought in a fresh analyst to cover Tesla, and the first move? A downgrade. The reasoning is straightforward—current valuation already bakes in most of the upside scenarios. When a major Wall Street firm shifts its stance, it's worth paying attention to the underlying logic. Are we seeing peak optimism priced in, or is there more room to run? Sometimes the most interesting signal isn't the rating itself, but the timing and rationale behind it. Markets love a contrarian call, especially when it challenges consensus.