Matsumura's Commutative Ring Theory, proof of Theorem 4.8, page 27, says:
Let $A$ be a ring, $M$ a finite $A$-module, and $\mathfrak{m}$ a maximal ideal. If $k(\mathfrak{m})=A_\mathfrak{m}/\mathfrak{m}A_\mathfrak{m}$ is the residue field of $A_\mathfrak{m}$, then
$$ M\otimes k(\mathfrak{m})=M_\mathfrak{m}/\mathfrak{m}M_\mathfrak{m}. $$
I know $A_m/mA_m\cong (A/m)_\bar{m}$, but even then $$ M\otimes k(m)\cong M\otimes (A/m)_\bar{m}=\cdots? $$
Even if $(A/m)_\bar{m}\cong A/m$, then doesn't $$ M\otimes k(m)\cong M\otimes A/m\cong M/mM $$ but that's not the same as $M_m/mM_m$, is it?
If $\mathfrak{p}$ is any prime ideal of $A$, we have
$$ A_\mathfrak{p}/\mathfrak{p}A_\mathfrak{p} \cong \text{Frac}(A/\mathfrak{p}).$$
Let's assume this for now. In general, we have
$$M_\mathfrak{p}/\mathfrak{p}M_\mathfrak{p} = (A_\mathfrak{p} \otimes_A M) / (\mathfrak{p} A_\mathfrak{p} \otimes_A M) = (A_\mathfrak{p} / \mathfrak{p}A_\mathfrak{p})\otimes_A M,$$
where the second equality is by right-exactness of $ -\otimes_A M$. So by our assumption we have
$$M_\mathfrak{p}/\mathfrak{p}M_\mathfrak{p} \cong \text{Frac}(A/\mathfrak{p})\otimes_A M.$$
If $\mathfrak{p}=\mathfrak{m}$ is maximal, then $\text{Frac}(A/\mathfrak{m})=\text{Frac}(k(\mathfrak{m})) = k(\mathfrak{m})$, so that indeed
$$ M_\mathfrak{m}/\mathfrak{m}M_\mathfrak{m} = k(\mathfrak{m})\otimes_A M.$$
Now to show $A_\mathfrak{p}/\mathfrak{p}A_\mathfrak{p} \cong \text{Frac}(A/\mathfrak{p})$.
Since every non-zero element in $A_\mathfrak{p}/\mathfrak{p}A_\mathfrak{p}$ is invertible, by the universal property of localization the map $A/\mathfrak{\mathfrak{p}} \rightarrow A_\mathfrak{p}/\mathfrak{p}A_p$ factors through an induced homomorphism $\text{Frac}(A/\mathfrak{p})\rightarrow A_\mathfrak{p}/\mathfrak{p}A_\mathfrak{p}$, which is necessarily an injection (of fields). Now any element in $A_\mathfrak{p}/\mathfrak{p}A_\mathfrak{p}$ is represented by an element $\frac{a}{b}$ in $A_\mathfrak{p}$, with $a\in \mathfrak{p}$ and $b\notin \mathfrak{p}$. Since $b\notin \mathfrak{p}$, it is non-zero in $\text{Frac}(A/\mathfrak{p})$, so $\frac{a}{b} \in \text{Frac}(A/\mathfrak{p})$, which maps to $\frac{a}{b}$ in $A_\mathfrak{p}/\mathfrak{p}A_\mathfrak{p}$. This shows $\text{Frac}(A/\mathfrak{p}) \rightarrow A_\mathfrak{p}/\mathfrak{p}A_\mathfrak{p}$ is also surjective.