China is a key market for Tesla, but keep expectations 'very low,' Morgan Stanley says

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China is a key market for Tesla, but keep expectations 'very low,' Morgan Stanley says
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Tesla has ambitious growth targets in China that make Morgan Stanley 'cautious,' exemplified by recent trade issues, analyst Adam Jonas said in note to investors Wednesday.

Tesla has ambitious growth targets in China that make Morgan Stanley"cautious," exemplified by recent trade issues, analyst Adam Jonas said in note to investors Wednesday.

Tesla said on Tuesday that the company has"already reached a resolution with Chinese customs, and we are working closely with them to resume clearance procedures on these vehicles." President Donald Trump continues to push hard for a trade deal with China and Jonas believes that the result of those negotiations will likely be very important to Elon Musk's company.

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