US Tesla stocks rose by about 6%, and Morgan S became a “top pick brand”

7/30/2024 9:42 AM GMT+9

The stock price of the US electric vehicle (EV) Tesla rose by about 6.3% in the US stock market on the 29th. The fact that Morgan Stanley replaced Ford Motor and added the company to the “top pick brands” in the automobile sector was viewed as material.
Morgan pointed out that since investors are likely to pay attention to companies tackling climate change-related issues, there is a possibility that Tesla's energy business will be more valuable than the company's automobile business in the future.
Also, as automobile companies become reluctant to expand the EV business, it is anticipated that Tesla will occupy a more dominant position in the EV market.

The profit margin for the second quarter financial results announced by Tesla last week was the lowest in the past 5 years. Morgan pointed out concerns about the commercialization of Tesla's autonomous driving technology in China and the future potential of EV demand.