- Based on new job postings posted in China, Tesla (NASDAQ:TSLA) is hinting at working on a new car model made in the country, Electrek reports.
- Job postings such as Senior Car Designer and Design Manager are related to designing a car locally, hinting that the company is taking a bigger step toward building a new car program in China, according to the report.
- Earlier this year, CEO Elon Musk said Tesla was planning to design an electric car in China for the global market.
- Separately, Morgan Stanley's Adam Jonas upgrades shares to Equal Weight from Underweight with a $1,360 target, raised from $1,050, seeing an increasing likelihood that Tesla will announce a vertically integrated battery supply business.
- "Tesla Battery Day... could be a game changer, and based on what we know so far, there is growing risk of Tesla becoming a new battery competitor armed with superior technology," Jonas writes.