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Tata Motors is down 6.5 percent, after its last week’s stellar uptrend. There was a lot of back and forth on whether they are going to be tying up with Tesla. JP Morgan has published a note titled as ‘Tata Motors: Measuring the Tesla Fever’.
Looking at the stock reaction, one can safely say that the fever has come off quite a bit. The stock was up 30 percent last week. According to JP Morgan, this was on the speculations of a Tesla partnership. CNBC-TV18’s Prashant Nair has more details.
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