Tesla Is a 'Must Own' Stock Now, Says Morgan Stanley's Jonas

The transcript discusses Tesla's strategic importance in the EV market, emphasizing its role as a must-own stock due to its leadership and capital deployment capabilities. It compares Tesla with legacy automakers like Volkswagen and GM, highlighting the challenges they face in transitioning from ICE to EVs. The discussion also covers Tesla's valuation, its potential future as a tech company, and the impact of tech giants like Apple entering the EV market. The conversation touches on market dynamics, national security concerns, and the influence of bond yields on Tesla's valuation.

Why is Tesla considered a must-own in an EV or AV portfolio?

• It has the most affordable EVs

• It is the only EV company

• Because of its leadership and capital deployment ability

• Due to its high market share

What is a significant challenge for legacy automakers like Volkswagen in the EV market?

• Limited market reach

• High production costs

• Lack of brand recognition

• Managing the transition from internal combustion engines

How is the transition to electric vehicles compared to past technological shifts?

• It is faster than any previous technological change

• It is happening overnight

• It is similar to the rapid adoption of smartphones

• It is gradual, like the shift from horse-drawn carriages to automobiles

What is a key factor in Tesla's valuation according to the discussion?

• Its dominance in the US market

• Its low production costs

• Its potential as a tech company like Apple

• Its current market share

How might rising bond yields affect Tesla's valuation?

• They will likely decrease Tesla's valuation

• They will have no effect

• They will increase Tesla's valuation

• They will stabilize Tesla's valuation

What is a potential risk for Tesla from other tech companies?

• Tech companies ignoring the EV market

• Tech companies entering the EV market

• Tech companies buying Tesla

• Tech companies collaborating with Tesla

What is a common perception of Tesla among auto analysts?

• It is undervalued

• It is overvalued

• It is not a significant player

• It is fairly valued