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FAST FIVE: Morgan Stanley Raises Tesla-China Risks, Keeps Stock Overweight With $1,150 Price Target Anyways

August 4, 2022
Source: nwostop.com nwostop.com
News Snapshot:
FAST FIVE: Morgan Stanley Raises Tesla-China Risks, Keeps Stock Overweight With $1,150 Price Target Anyways But despite his come-to-Jesus moment about overseas risks now that US/China tensions are clearly on the rise, Jonas maintained his $1,150 price target on the company and kept Tesla at an “overweight” rating. In a note to clients out Wednesday, Jonas wrote that “House Speaker Pelosi's visit to Taipei casts the global battery race into a new light” and that the “race for global EV battery dominance goes hand-in-hand with geopolitics and national security. Tesla is highly exposed to both the risk and the opportunity.”...
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China Tech Buzz Topics: battery | China | electric vehicle | energy | EV | infrastructure | IT | manufacturing | Morgan Stanley | national security | overseas | Security | stock | supply chain | Taipei | Taiwan | Tesla

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