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Barchart
Barchart
Aditya Raghunath

Morgan Stanley Says China May Have Already ‘Won the EV War.’ Here’s Where Analysts Say Tesla Can Win.

Morgan Stanley China Tesla Inc. Xiaomi BYD

Morgan Stanley believes Chinese automakers have likely secured victory in the electric vehicle segment, with Tesla (TSLA) now pivoting toward autonomy as its next competitive frontier. The investment bank still maintains an “Overweight” rating on TSLA stock with a $410 price target.

The analysis highlights Xiaomi’s (XIACY) SU7 and upcoming YU7 as watershed moments. They say Xiaomi is a company that offers Ferrari (RACE)-like design at Volkswagen (VWAGY) prices. 

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