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.

What is the significance of Tesla's installed base according to the speaker?

How does the speaker view the future of the automobile industry in relation to Tesla?

What are the implications of rising bond yields on Tesla's valuation as discussed?