Morgan Stanley Analyst Boldly Predicts The End Of Human Drivers - How Long Until This Rings True?

With the advent of the autonomous cars in our life, analysts are also in the race for predictions – which kind of reminds us of astrology and horoscopes.

The only thing is that some of them, like Morgan Stanley analyst Adam Jonas, are so powerful they can create stock collapses with just one note. This is what happened yesterday to Tesla’s shares, taking a dive of more than 9% to $253 a share at the close. That’s because Jonas said in his note that “human driving” is coming to an end and that Tesla could be out of the auto making game from that point on.
 

PUGPROUD - 9/16/2014 7:31:32 PM

+1 Boost

Not 100% in my lifetime, I'm 69. Most likely in my view is autonomous cars will lead to car sharing on a massive level due to economic reasons and diminished interest in ownership. If so the market for cars will drop significantly...quite ironic that the current manufacturer's are developing the product of their own demise.