Tesla May Be World's Most Important Car Company: Report

Tesla is riding high after a new report said it may be the world's most important car company.

A Morgan Stanley research analyst made that claim to investors this week, saying Tesla is now being viewed as a true competitor to other carmakers.

General Motors and BMW have even created their own development teams to create long-range electric vehicles.

The report also said Tesla is having a positive effect on the U.S. economy.

Several states along with California are competing to land a new $5 billion dollar battery factory.

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