Auto Recession is Here; Tesla Is at High Risk

Tesla has never experienced a global auto recession since its 2010 IPO

This report is about early signs of a global auto recession based on Q2 results so far and covers the following topics:

• Weak Q2 results at automakers reporting so far point to weak demand.

• Indicators show that we are in the early stages of an auto recession.

• Why Tesla is weak, having never faced a recession since its 2010 IPO.

• Why Morgan Stanley once again …