Tesla Downgraded By Morgan Stanley, Musk-Zuckerberg Cage Match Challenge 6/22/23

<p>Carl Quintanilla, Jim Cramer and David Faber led off the show with Tesla and why Morgan Stanley analystAdam Jonas downgraded the stock to "Equal-weight" from "Overweight" -- but raised his price target to $250.The anchors also reacted to Mark Zuckerberg agreeing to challenge Elon Musk in a cage match.Also in focus: The biggest movers as markets look to avoid a four-day losing streak, day two of Fed Chair Powell's Capitol Hill testimony, a rate hike parade led by the Bank of England, the FTC vs. Microsoft-Activision: Both sides head to court.</p><p> </p><p><a href="https://www.cnbc.com/squawk-on-the-street-disclaimer/">Squawk on the Street Disclaimer</a></p>