Goldman Sachs says it's acting as a financial adviser to Tesla.
Elon Musk said Monday on Twitter that he is working with Goldman and the investment firm Silver Lake on his proposal to take Tesla private.
Goldman also announced Wednesday that it is removing its rating and price target on Tesla stock. That's a step banks like Goldman typically take when they provide advice to a company its analysts also cover.
Goldman had no further comment. Tesla shares are down about 3%.
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