Tesla’s MASSIVE Expansion As Corruption Derailed

TL;DR

Morgan Stanley has lowered Tesla's stock price target, shares details about Tesla's expansion in China, and highlights corruption within EV tax credits in the US.

Transcript

in this video morgan stanley cut their tesla stock price target in new research note some juicy new details about tesla's massive expansion in china and the blind administration's electric vehicle corruption gets derailed first a quick look at tesla stock today down almost half a percent closing a little over 700 per share i've said it a trillion t... Read More

Key Insights

• 🔈 Morgan Stanley's reduced stock price target reflects concerns about lower volumes in Q2 due to production disruptions in Shanghai.
• 🌱 Tesla's expansion plans in China indicate the company's commitment to meeting increasing demand for electric vehicles.
• 🥺 The dropped EV tax credit bonus exposes corruption within US politics, specifically favoring union-made electric vehicles, which led to criticism from Senator Joe Manchin.

Questions & Answers

Q: Why did Morgan Stanley lower Tesla's stock price target?

Morgan Stanley lowered Tesla's stock price target due to lower volume estimates for Q2 caused by significant disruptions in production in Shanghai.

Q: What are the details of Tesla's expansion plans in China?

Tesla plans to upgrade its Gigafactory in Shanghai, increasing production capacity to 22,000 vehicles per week. This upgrade aims to meet growing demand and accelerate Tesla's performance in 2022.

Q: Why did Senate Democrats drop the proposed EV tax credit bonus?

Senator Joe Manchin opposed the proposed EV tax credit bonus, highlighting the corruption and unfairness of favoring vehicles made with domestic union labor. The focus shifted to lifting the 200,000 vehicle per manufacturer cap on the existing credit.

Q: How will Tesla benefit from the dropped EV tax credit bonus?

The dropped EV tax credit bonus means that Tesla will not face additional competition from automakers with union-made electric vehicles. This could potentially result in higher prices and increased profits for Tesla.

Summary & Key Takeaways

• Morgan Stanley has reduced Tesla's stock price target to $1,200 per share due to lower volume estimates for Q2, primarily influenced by shutdowns in Shanghai.

• Tesla's expansion plans in China include upgrading its Gigafactory in Shanghai, which will increase production capacity to 22,000 vehicles per week.

• Senate Democrats have dropped a proposed EV tax credit bonus that favored vehicles made with domestic union labor, following criticism from Senator Joe Manchin.