Morgan Stanley Destroys Ford, GM; Likes Tesla

China production upsets competitive balance in West.

The China capacity ‘butterfly’ has emerged and is flapping its wings. China produces 9mm more cars than it buys, upsetting the competitive balance in the West. Cutting ests on China,price/mix and lost share. There are better ways to play rate cuts. Upgrade dealers. Downgrade F, GM, RIVN, MGA, PHIN.

Morgan Stanley’s Key Drivers of Downgrading US Autos Ind…