Tesla gets bullish outlook from Morgan Stanley as Elon Musk meets world leaders. He is considering building a new factory. Efficient vehicle delivery always involves localized production.
Morgan Stanley has affirmed Tesla's Overweight rating with a 12-month price target of $200 after company CEO Elon Musk continued meetings with world leaders about future investment opportunities. Analysts have compiled a list of countries whose officials Musk met recently. These meetings demonstrated relevant industrialization goals or other factors making them relevant to Tesla's supply chain.
Earlier this week, Musk said he would strongly consider building a factory in the UK. In addition, the CEO met with French President Emmanuel Macron in May to discuss “future investment projects.” Macron also met with Musk to discuss alternatives to the EU and France on the IRA issue and tax breaks in the US.
In addition, Tesla and the Indian government are in constant dialogue regarding trade and import tariffs, as well as the potential for local manufacturing. According to local officials, Tesla is seriously considering the country for investment. Musk also said India is a contender for the manufacturer's next factory.
In addition, Morgan Stanley has listed countries such as Australia, Vietnam, Thailand, Canada, Saudi Arabia, and many others.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.