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Barchart
Pathikrit Bose

Analysts Warn on TSLA Stock: Your Expectations on Tesla’s Auto Business Are ‘Too High’

Tesla Inc. United States Elon Musk Morgan Stanley

Elon Musk-led Tesla (TSLA) is the most valuable car company in the world with a market cap near $1.1 trillion. However, analysts at Morgan Stanley believe that even Musk’s charisma and optimism about the company’s automotive business will not save it from the immense and inevitable competitive pressure from Chinese players like BYD (BYDDY) and Xiaomi.

The firm commented, “China EVs are coming to US shores – we think it’s just a matter of time,” and suggested, “you can’t keep the best product away from the best consumer for very long.” This comes as bad news for the Tesla stock, which is already down 15.3% on a YTD basis.

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