Tesla is getting China right, Morgan Stanley says

Tesla Inc. may be able to ramp up production in China faster than anyone believed, possibly landing the Silicon Valley car maker as the “leading luxury EV player” in the country, analysts at Morgan Stanley said Wednesday.

The analysts, led by Adam Jonas, said their team in China had just returned from visiting Chinese suppliers with “fresh feedback” on Tesla’s plans in the country and the under-construction factory in Shanghai.

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“If they’re right, Tesla TSLA, +1.80% may be able to ramp China production faster than we have currently anticipated in our model,” the Morgan Stanley analysts said in a note.

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