The after-market scene was animated Wednesday. An influential analyst who had championed Tesla (NASDAQ: TSLA) stock seems to be turning sour on the company.

Not to be outdone by an analyst turn, Brazilian cosmetics conglomerate Natura and Avon Products (NYSE: AVP) finally confirmed that Natura is to purchase its American peer in a splashy cross-border deal.

It hasn't been a boring night. Let's drive straight to our destination.

A Tesla Model Y. Image source: Tesla.

Tesla: Losing a big fan?

An influential analyst who was bullish on Tesla stock appears to be moving into the bear cave. According to media reports coming in after market, Morgan Stanley prognosticator Adam Jonas expressed doubt about the company's prospects in a private call with a number of the bank's institutional clients.

Business Insider and CNBC both say they had access to a recording of the call, and quoted Jonas directly from it.

The influential analyst effectively contrasted Tesla's strong position in Q4 of its fiscal 2018 -- in which the company enjoyed strong demand, robust cash flow, and buzz about its upcoming Model Y SUV -- with its present situation.

"Today, supply exceeds demand, they're burning cash, nobody cares about the Model Y, the company raised capital near lows, no strategic buy-in," he was quoted as saying.

"Tesla is not really seen as a growth story," he added. These days "[i]t seems like a distressed credit and restructuring story."

Jonas also expressed skepticism about the prospects for Tesla to be bought out by a big tech powerhouse such as Amazon.com or Apple.

Tesla is a very up-and-down stock, so its investors are quite resilient. The shares are off, but only slightly, in after-market trading following the media reports.

Avon gets a new owner

Avon stock is up nearly 17% in after-hours trading. It and Natura put out a joint statement confirming the buyout, which had been a hot rumor percolating throughout the day. Natura is to acquire Avon in an all-stock transaction that reaches a total value of roughly $2 billion. Avon shares are to be exchanged for Natura stock at the rate of 1/0.3.

Subsequent to this, current Natura stockholders will hold roughly 76% of the resulting company.

In the statement, Natura said owning Avon will result in cost savings of $150 million to $250 million per year. It said that some of this is to "be reinvested to further enhance capabilities in digital and social selling, research & development and brand initiatives and to continue to grow the Group's geographic footprint."