Tesla has ambitious growth targets in China that make Morgan Stanley"cautious," exemplified by recent trade issues, analyst Adam Jonas said in note to investors Wednesday.
Tesla said on Tuesday that the company has"already reached a resolution with Chinese customs, and we are working closely with them to resume clearance procedures on these vehicles." President Donald Trump continues to push hard for a trade deal with China and Jonas believes that the result of those negotiations will likely be very important to Elon Musk's company.
The Pied Piper! BayAreaBS ShortTSLA
On the contrary. In China made Tesla will be cheaper in total costs and will therefore be more competitive on the global market. Expecting is greater profit, and the price of the stock will grow greatly.
best to stay away from China, because of immense Technologieklau
$TSLA needs to merge with $NIO.
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Source: CNBC - 🏆 12. / 72 Read more »