Gashi Motors News According to Reuters, Tesla’s share price rose nearly 6.
3% on July 29.
Previously, Morgan Stanley named Tesla the “first choice” for U.S. auto stocks, replacing Ford Motor.
Photo source: Tesla, Morgan Stanley said Tesla’s energy business may grow in the future or exceed the value of its automotive business, as investors may focus on companies that can solve climate change-related issues.
, Morgan Stanley also expects Tesla to expand its lead in the zero-emission vehicle regulatory points market as traditional automakers scale back electric vehicle expansion plans.
In the second quarter of this year, Tesla’s regulatory point revenue per zero-emission vehicle reached nearly US$2,000.
Morgan Stanley analysts said: “We estimate that Tesla may account for more than half of the regulatory points market, which will provide Tesla with a 100% profit margin that may not be expected by the investment community at present.
“, However, Tesla’s second-quarter profit margin last week was the lowest in more than five years and fell short of Wall Street’s profit forecast for the second quarter of this year, as Tesla slashed price cuts in response to falling demand.
Morgan Stanley said it also expressed concerns about Tesla’s ability to commercialize autonomous driving technology in China and the future of demand for electric vehicles.
Tesla has been betting on its autonomous driving technology, but the technology has been reviewed by regulators over safety issues.
, Currently, investors are eagerly awaiting Tesla’s driverless taxi launch event, which Tesla has postponed from August to October to redesign certain elements of the car.
Meanwhile, Ford Motor’s shares fell nearly 2% on July 29, after falling 20% the week before, as Ford Motor reported second-quarter profit that fell below expectations and faced quality-related cost issues and fierce competition in the electric vehicle market.
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