Morgan Stanley: Tesla Is Now “Most Important Car Company In The World”
Morgan Stanley Research analyst Adam Jonas suggests that Tesla Motors is “arguably the most important car company in the world:”
“Not even two years after the delivery of the first Model S, Tesla Motors has transformed from fledgling start-up to arguably the most important car company in the world. We are not joking. Tesla is also emerging as an emblematic force in America’s effort to foster high tech manufacturing job growth.”
“A BMW engineer recently explained to us how Tesla’s presence has helped reinvigorate the spirit of automobile innovation that was beginning to run stale, further testifying that BMW will be a stronger company longer term because Tesla is around.”
Jonas adds that Tesla is having a positive impact on the US economy and claims that within 7 years, Tesla will employ 20,000 workers (up from 6,000 today) and indirectly support the creation of an additional 100,000 jobs.
It’s “GDP moving stuff,” claims Jonas.
Jonas’ price target for Tesla stock is now set at $320. Jonas predicts Tesla will control ~1% of the global automotive market by 2028.
Source: LA Times