From Yahoo Finance: 2025-05-20 15:00:00

China has urged the US to correct its guidance against using Chinese AI chips like Huawei’s. The US issued restrictions last week, claiming the chips violated export controls. China’s Ministry of Commerce accuses the US of abuse and discrimination, threatening to safeguard its rights if harm continues.

Amidst US-China tensions, Morgan Stanley remains bullish on Tesla (TSLA), highlighting competition from Chinese EV manufacturers like Xiaomi. The firm reiterates Tesla as “Overweight,” with a price target of $410. Tesla leverages AI in autonomous driving, facing competition that may impact international markets.

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Read more: Morgan Stanley Stays Bullish on Tesla (TSLA), Cites China EV Pressure