Chinese Want TESLA Inc (NASDAQ:TSLA) Cars More Than YouAuthor: Mvusi NgubaneLast Updated: March 30, 2020 The Chinese crave Tesla Inc vehicles more than anyone else. This is according to the findings of a leading analyst at Piper Jaffray. Speaking to CNBC, the researcher pegs China as the energy tech company’s greatest market. Those looking for a good investment might want to strongly consider Elon Musk’s electric car business. While things in the People’s Republic might seem tough for Tesla now, experts see the company thriving in the planet’s greatest car market.The equity analyst firm Piper Jaffray restated its “overweight” view of Tesla Inc shares this week. Among other factors, it finds great confidence in the company’s prospects in China. The country could take a greater liking to the leading EV producer. That is truer now that ICE cars will be on a strict phaseout timeline.Tesla Inc Model S Dash ViewThis means Tesla’s largest source of revenue stands to be China and the greater Asia continent. The Jaffary analyst says the current setbacks in the region can be solved by Tesla making its cars there. With that, the corporation will find itself well-set to add on its recent victories. The analyst goes on to say that Tesla was right to keep away from making a JV deal until recently. Now, Piper Jaffary looks forward to announcements from Tesla. The company is expected to unveil its China approach to the world in the near-term.A look at recent SEC filing supports the researcher’s argument, too. Tesla Inc. car deliveries are sky-rocketing in China. In 2015, the Elon Musk company made only $319 million in sales from Chinese consumers. Last year, that number rose over 200 percent to $1.07 billion. There is a clear liking in the region for the corporation’s cars. If investors factor in its growing wealth class, favor for international car brands, and recent stance against ICE cars, then Tesla could very well be a few years from beating its U.S. sales in China.Things looking up for Tesla Inc in ChinaThere was also a 12 percent uptick to the analyst firm’s price target for Tesla Inc. He now pegs Tesla at $386, the highest value secured during the period March to June. The Jaffary expert pointed out that emerging reports in China promise laxer policies against foreign car makers. International EV makers might get better treatment. Piper Jaffray strongly trusts the coming out-phase of gas guzzling road vehicles in the country as Tesla’s next big catalyst. Indeed, findings made by the WSJ insist the Chinese government is working to reshape car JV policies.It is easy to assume that Chinese lawmakers will stick to policies that favor local auto brands over foreign multinationals. However, the Jaffray researcher says it will not be so easy. While China craves to be among the best producers of electric cars, doing that on its own will not be so easy. The company’s product are prized in China, proved by the recent sales uptick.The problem is that Chinese products are not revered for quality, not even in China. The analyst describes the country’s homegrown EV scene as “chintzy”. China might be pulling out all the stops. It is, however, years away from producing luxury EVs that can match, let alone outdo Tesla Inc. There are years ahead before the young US carmaker gets a rival that makes it sweat for luxury EV sales. China is about to give into Tesla a lot more than many might anticipate.Another analyst gave traders a warning this Wednesday. The Bernstein expert believes Tesla shares are a risk at their current value. He believes there is a high chance of production ramp disappointments, too. They stand to greatly chip away the current Tesla Inc. share price.