by Michael Elkin A Morgan Stanley analyst wonders if investors appreciate the opportunity and dangers of China’s reliance on vehicle batteries. According to Morgan Stanley, China accounts for more than 30% of Tesla’s profits and up to 50% or more of its profitability. China also accounts for 50 percent of global battery shipments and 50 to 75 percent of the world’s battery materials, adding cathode, anode, separator and electrolyte, making China a key player in advancing the cause of electrification of global roads, Morgan Stanley says separately. As globalization evolves, the analyst believes that “the race for global dominance of...