Morgan Stanley Claims That Tesla Has All Of The Driving Data That Apple Needs

Apple is joining the self-driving car race, but may need the help of a certain Elon Musk-owned marquee EV brand to do it.

As NextMobility recently reported, Apple CEO Tim Cook announced that the tech behemoth is working on the “mother” of all AI for autonomous vehicles. While Apple has technological know-how, it is behind competitors Uber, Tesla and Waymo in terms of having access to real-world driving data.

In a note sent out to clients, Adam Jonas, an analyst at financial research firm Morgan Stanley, recommended that Apple explore a partnership or an acquisition of Tesla, according to Markets Insider.

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MDarringer - 6/16/2017 4:16:20 PM

0 Boost

Elon's plan has always been to create a "nothing" that seems like a "something" that can be sold for a lot. Apple has been known for a stupid stumble or two or three.

runninglogan1 - 6/16/2017 10:18:00 PM

+3 Boost

Every company stumbles. Apple MUCH fewer times than most.

TomM - 6/16/2017 4:59:19 PM

+3 Boost

Tesla is so overpriced stock that I would believe even Apple - with much of its cash reserves offshore - would know better than to attempt a merger/takeover. I do not know how much stock Elan has reserved for himself - but I doubt APPLE wants him on their board as well.

Tesla will need money again sometime soon - and that is when Apple will be able to negotiate a partnership or consultant situation.

runninglogan1 - 6/16/2017 10:16:58 PM

+1 Boost

No one is going to buy Tesla for it's current value and it will likely go higher after the release of the Model 3.

Musk is known to frequently mock Apple so doubt there's a future there.

TomM - 6/17/2017 7:05:20 AM

+4 Boost

While I agree with you that Tesla's value is overpriced - I do not agree with your assessment of the Model 3. Wall street has already priced that into the stock - which is why it is so high to begin with. I would expect that when the actual prices of these cars are revealed - that the price of Tesla stock will go down - and if sales should not be as expected - it might be quite a drop.