Morgan Stanley says Tesla FSD will face direct competition from Xpeng

格隆汇 March 3｜According to Yicai, Xpeng Motors held the Xpeng Second Generation VLA Media Experience Day yesterday, announcing that the second generation VLA will officially launch this month. Due to the impressive performance of Xpeng's second generation VLA, several leading global brokerage firms, including Morgan Stanley, Bank of America, and HSBC, strongly recommended Xpeng, giving it a "Buy" rating. Morgan Stanley stated, "Xpeng's second generation VLA is a bold leap forward," and "Tesla will face more competition in the future from Chinese companies like Xpeng, which have the capability to challenge its autonomous driving technology in the global market." Previously, JPMorgan's long position in Xpeng Motors increased from 6.38% to 7.04%. It is reported that in 2026, Xpeng will accelerate achieving the milestone of "matching Tesla FSD's latest capabilities." Soon, Xpeng's second generation VLA will begin global road testing and is planned to start global deliveries in 2027. This means that the benchmark players in intelligent driving from China and the US will truly compete on the global stage.