Shares of Tesla Motors (TSLA) have dropped 5.3% since Donald Trump won the 2016 U.S. presidential election. Some analysts have tried to explain away the move, but Morgan Stanley's Adam Jonas and team write that they can't see the election "in a positive light." They explain why:

Shares of Tesla Motors have declined 0.4% to $184.54 at 11:37 a.m. today, while SolarCity has fallen 0.9% to $19.77.

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