“The streets of Silicon Valley are becoming more crowded with self-driving cars, and one analyst thinks that could pose problems for Tesla,” Emily Bary writes for Barron’s.

“Morgan Stanley’s Adam Jonas, a longtime Tesla bull says the stock may finally reflect Tesla’s potential. Shares are up 50% so far this year, to a recent $317. Jonas is sticking with his existing $305 price target on the stock,” Bary writes. “He downgraded the stock to Equal Weight, suggesting the stock at these prices doesn’t merit an outsized holding in investors’ portfolios.”

Bary writes, “‘The bull case on Tesla is that it can become the next Amazon or Apple,’ he wrote Monday. In fact, they might be the problem. ‘We see such firms as competitors ultimately,’ Jonas wrote.”

Read more in the full article here.

MacDailyNews Take: If “ifs” and “buts” were candy and nuts, we’d all have a merry Christmas.

There’s a long road ahead and it’s currently shrouded in pea soup fog.

SEE ALSO:
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Apple wants California DMV to shroud public reports about Apple’s autonomous vehicle tests – April 28, 2017
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Apple permit reveals self-driving car testers include NASA roboticists – April 24, 2017
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Apple’s self-driving car test program revealed in new document – April 21, 2017
Analyst: Apple ‘almost certainly’ exploring making a whole car but there’s a big challenge – April 18, 2017
Right now, the ‘Apple Car’ is a 2015 Lexus RX 450h SUV – April 17, 2017
Gene Munster on Apple Car: Exploration does not mean a product comes to market – April 17, 2017
Apple’s Project Titan: California makes it official – April 17, 2017
Why you should get your self-driving car from Apple – April 17, 2017
Apple secures permit to test autonomous vehicles – April 15, 2017
Apple’s letter to the U.S. NHTSA reveals 30-year Detroit veteran on its stealth ‘Project Titan’ team – December 8, 2016
Apple files patent for autonomous vehicle collision avoidance system – December 8, 2016
Apple letter all but confirms plans for self-driving cars and commitment to privacy – December 5, 2016
Apple drops hints about autonomous-vehicle project in letter to U.S. transportation regulators – December 3, 2016
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Apple-target McLaren is a tech company disguised as a carmaker – September 22, 2016
Supercar-maker McLaren says not in discussion with Apple ‘in respect of any potential investment’ – September 22, 2016
Apple in talks to acquire British supercar maker McLaren – September 21, 2016
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