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.
