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Electric-vehicle demand could hit a low later this year, Morgan Stanley saysA Tesla supercharger station at Burbank Town Center, in Burbank on Friday, Sept. 4, 2020 in Burbank, CA.
Kent Nishimura /Getty ImagesMorgan Stanley has warned of an imbalance of EV supply and demand which could weigh on Tesla this year.
"Looking ahead, are we approaching maximum market negativity on EVs?
We believe the trough may happen towards the latter part of 2024," the bank said in a note, citing influences stemming from the EU Parliamentary and US presidential elections.
Persons:
Morgan Stanley, Kent Nishimura, Hertz
Organizations:
Burbank Town Center, Getty, EU Parliamentary
Locations:
Burbank, Burbank , CA, China