Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Musk's Chinese Trip May Ease Trade Tensions, But Will It Boost Tesla?

Musk's Chinese Trip May Ease Trade Tensions, But Will It Boost Tesla? BenzingaJanuary 10, 2019, 7:19 PM GMT. What’s good for Tesla Inc (NASDAQ: TSLA) may be good for Sino-American relations. But even if a visit this week to China by the American electric car maker’s quirky CEO Elon Musk smooths tensions between the two nations, the question remains: will it be enough to significantly boost Tesla’s profits? Morgan Stanley analyst Adam Jonas said in a Thursday note that Chinese production could boost Tesla sales in the Chinese market — and possibly even give Musk some power in negotiations for better import and sale terms for Tesla EVs in the interim while the plant is being built. But, Jonas said, Morgan Stanley isn’t convinced Musk’s actions will be enough for a big boost to the Tesla bottom line. Much of the press surrounding Musk’s trip and Tesla’s new plant has raised the prospect of Musk helping to smooth over some of the broader edges in the Sino-American trade relationship where trade diplomats have seemingly been ineffective. And China's leadership may agree, according to the South China Morning Post.

First found on: www.benzinga.com And then on: 1 other references