❖ ELON MUSK'S RECENT VISIT TO CHINA HAS BEEN POSITIVELY RECEIVED: MORGAN STANLEY
• The visit is seen as a sign of Musk's renewed commitment to Tesla and his broader ecosystem of companies.
• Musk's visit is also believed to have addressed investor concerns regarding Tesla's future in China, particularly after setbacks like the compensation package rejection.
• The trip is seen as symbolic, with Musk seeking approval for Tesla's self-driving technology in China, which could boost Tesla's profit in the country.
• There are potential national security implications due to Musk's involvement with SpaceX and other U.S. government agencies.
• The visit also highlights the convergence of AI and robotics in Tesla's context, suggesting the advancement of AI could accelerate the training and learning of robots.
• Morgan Stanley maintains its $310 price target and overweight rating for Tesla.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
