Morgan Stanley's widely followed auto analyst Adam Jonas is closely watching what Amazon's doing in the electric vehicles space, but he hasn't decided if the online giant will be a friend or foe of those established carmakers like General Motors.
Amazon recently invested in two automotive tech firms. It led a $700 million investment in electric vehicle makers, Rivian. The tech giant also invested in a $530 million round of funding for Aurora, a startup developing autonomous systems that could rival those from GM Cruise. The company is already hauling some cargo in self-driving trucks from a startup called Embargo.
Electric vehicles are still the equivalent of a convertible. They have their points as a niche vehicle, yet fail to have the utility for overall use. Going all in on not ready is bound to bring disappointment.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China is a key market for Tesla, but keep expectations 'very low,' Morgan Stanley saysTesla has ambitious growth targets in China that make Morgan Stanley 'cautious,' exemplified by recent trade issues, analyst Adam Jonas said in note to investors Wednesday. $TSLA needs to merge with $NIO. best to stay away from China, because of immense Technologieklau On the contrary. In China made Tesla will be cheaper in total costs and will therefore be more competitive on the global market. Expecting is greater profit, and the price of the stock will grow greatly.
Source: CNBC - 🏆 12. / 72 Read more »
'Don't trust the strong rally': Morgan Stanley warns stocks aren't out of the woods just yetThe stock market's rally so far this year shouldn't be trusted, Morgan Stanley equity strategists said in a new report. LiveSquawk Don't look for accurate stock market news from BusinessInsider
Source: BusinessInsider - 🏆 729. / 51 Read more »
Morgan Stanley CEO James Gorman: A trade deal will not lead to a 'meaningful' rally in stocksDon't expect a significant boost to stocks if and when the U.S. and China strike a deal on trade, Morgan Stanley CEO James Gorman said Friday. A one day 'pop' then, ya better be careful. SHORT SHORT SHORT There have been multiple warnings to get out for weeks...
Source: CNBC - 🏆 12. / 72 Read more »