JPMorgan: Tesla sales momentum is accelerating

Morgan Stanley analyst Rajat Gupta cited a meeting with Tesla's investor relations representative, indicating that Tesla's sales momentum accelerated in May. Morgan Stanley stated that the increase in fuel prices, the growing demand for autonomous driving products, and the gradual narrowing of the electric vehicle layout by traditional car manufacturers have all boosted demand. Gupta wrote that management emphasized that the production of Cybercab is still gradually increasing, and noted that Tesla's second-quarter financial report is expected to provide a clearer reflection of the production and validation of this driverless taxi. In addition, the Optimus robot business is still in its early stages.