Photo: original photo by autoevolution
In case you didn't know, the current top players in the automotive industry are Toyota (the world's largest manufacturer), Volkswagen (Europe's best selling car brand) and General Motors in the United States. However, multinational financial services corporation Morgan Stanley is adamant that none of the above can compete with Tesla Motors in terms of importance.
Morgan Stanley Research analyst Adam Jones said in a recent investors report that “Not even two years after the delivery of the first Model S, Tesla Motors has transformed from fledgling start-up to arguably the most important car company in the world. We are not joking. Tesla is also emerging as an emblematic force in America's effort to foster high tech manufacturing job growth.”
Adam backs up its claim by asserting that Tesla has gone from zero to hero with suppliers that once shunned the Californian company into a corner. Further more, some suppliers are considering dedicated production lines, while General Motors assembled a team of engineers dedicated to develop long-range EV technologies similar to what the Tesla Model S utilizes.
Mr. Jones also considers that Tesla's U.S. employment will rise from 6,000 workers to 20,000 in seven years time. "It's GDP moving stuff" that would indirectly support additional jobs connected one way or another to Tesla production efforts. Moreover, some 90 percent of components that go into the Model S are sourced or made in the U.S., making the liftback electric sedan a more American vehicle than the Ford F-150 pickup truck.
To support its future production efforts, the Californian EV manufacturer will invest up to $5 billion through 2020 to build a ginormous facility known as the Gigafactory. According to Tesla spokeswoman Liz Jarvis-Shean, the Gigafactory "will enable us to establish a supply chain that is local and focused on minimizing environmental impact while significantly reducing battery cost."
Adam backs up its claim by asserting that Tesla has gone from zero to hero with suppliers that once shunned the Californian company into a corner. Further more, some suppliers are considering dedicated production lines, while General Motors assembled a team of engineers dedicated to develop long-range EV technologies similar to what the Tesla Model S utilizes.
Mr. Jones also considers that Tesla's U.S. employment will rise from 6,000 workers to 20,000 in seven years time. "It's GDP moving stuff" that would indirectly support additional jobs connected one way or another to Tesla production efforts. Moreover, some 90 percent of components that go into the Model S are sourced or made in the U.S., making the liftback electric sedan a more American vehicle than the Ford F-150 pickup truck.
To support its future production efforts, the Californian EV manufacturer will invest up to $5 billion through 2020 to build a ginormous facility known as the Gigafactory. According to Tesla spokeswoman Liz Jarvis-Shean, the Gigafactory "will enable us to establish a supply chain that is local and focused on minimizing environmental impact while significantly reducing battery cost."
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