Morgan Stanley is not joking around in how much it likes Tesla. A research analyst gushed to investors in a new report, calling the electric car manufacturer the most important car company in the world. "Tesla is also emerging as an emblematic force in America's effort to foster high tech manufacturing job growth," he added.
The analyst recently spoke with a major supplier for the car industry, and he said suppliers are now considering dedicated lines just for Tesla. General Motors also has a "Tesla Team" devoted to developing cars similar to the Model S. Add in the forthcoming giant battery factory dubbed the "gigafactory" and it's clear Tesla is making moves. It's "GDP moving stuff," the analyst said.
His words are probably stock moving stuff.
[via LA Times]