SUMMARY
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Tesla Motors has been the darling of Wall Street. A-list stars including Hollywood’s leading men Leonardo DiCaprio, Brad Pitt and George Clooney are all fans. Elon Musk, Tesla’s billionaire founder, hopes its mid-range Model 3 will propel the California manufacturer into the mass market. But Musk faces an uphill task and growing skeptics. The rapidly falling price of oil has put gas-guzzling cars back to the fore at the expense of electric vehicles. Morgan Stanley, one of the few US banks that believed in Tesla’s lofty ambitions, is now doubtful. So are financial markets, as its stock plunged down to $206 from trading at $275 in September.
Read the full story on Rappler
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