Tesla (TSLA): Giga Berlin Could Transform Entire European EV Market, But Things May Get More Political in Germany - Morgan Stanley

January 28, 2022 8:51 AM EST
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Morgan Stanley analyst Adam Jonas has reflected on the key BEV highlights for the month of Dec 2021.

Global BEV sales (excluding hybrids and plug ins) came in at 721,526, a surge of 67% YoY and up 31% vs November.

Tesla (NASDAQ: TSLA) is the No.1 BEV seller with 169k sales, followed by General Motors (NYSE: GM) at 66k sales, and VW (OTC: VWAGY) at 65k sales.

Similarly, Tesla Model 3 Tesla Model Y are two best-selling models at 85k and 80k, respectively.

“Tesla's share of the global BEV market in the month of Dec 2021 is 23% vs 16% last month (note the variability in numbers MoM due to chip shortages and production/delivery cadence). For the full year 2021, Tesla's share of the global BEV market stands at 19%.”

However, Jonas also has a warning for Tesla investors.

“As we wrote earlier today, we believe Giga Berlin has the potential to transform the entire European EV market but we also think investors should prepare for the situation around Tesla’s German factory to be potentially much more politically entangled than people realize today,” Jonas said in a client note.

Tesla (TSLA) stock price is down 0.7% in pre-market Friday.

By Senad Karaahmetovic | [email protected]

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