Morgan Stanley says Musk China visit ‘means far more’ than seeking FSD approval

Morgan Stanley says Elon Musk’s visit to China “means far more than seeking approval for self driving tech on Chinese roads,” adding that whether Tesla’s CEO is “sleeping on a floor or on a plane… the message is clear: he’s back.” Investor concerns around whether Musk was “all in” on Tesla have been weighing heavily on the stock since his compensation package was rejected by a Delaware judge, so “even the smallest gesture of commitment,” such as an unannounced trip to Beijing, has “elevated meaning here” in terms of combating concerns over Musk’s commitment to Tesla relative to his broader ecosystem of companies, contends the analyst, who has an Overweight rating and $310 price target on Tesla shares.