“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 isn’t working on a car, they’re working on something much bigger – May 12, 2017
CarKit: Apple’s ‘Project Titan’ really a ‘HomeKit for cars’ rather than an actual vehicle? – May 11, 2017
Apple wants California DMV to shroud public reports about Apple’s autonomous vehicle tests – April 28, 2017
Check out the Lexus that Apple’s using to test their self-driving car tech – April 28, 2017
How Apple is training testers for self-driving Apple Car – April 24, 2017
Apple permit reveals self-driving car testers include NASA roboticists – April 24, 2017
Apple + satellites = ? – April 22. 2017
Why Apple may be interested in space satellites – April 21, 2017
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
It’s not McLaren Racing, but McLaren Applied Technologies, that’s the apple of Apple’s eye – September 23, 2016
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
Apple in talks to acquire electric vehicle-maker Lit Motors – September 21, 2016
They seem to be on converging roads. Everybody wants to be in other company’s pants. At some point those pants are gonna rip! (I don’t know what that means but it sounds good.)
Tesla can never be Apple!.
Tesla is on a thin margins which also does not make any profits, while Apple selling huge volume of iPhones. Two totally different business models.
No. Tesla today is like Apple circa 1988. With continued focus on the customer and decisive leadership, Tesla could be the next Apple. Of course they could also be subject to takeover like most other small nimble innovators.
Apple’s feckless leadership today is chasing after every other tech company’s fads and selling poor value products. Apple looks more and more like the next Sony.
It was claimed Tesla was downgraded because of Apple. What a bunch of crap. Tesla actually builds cars and from what I’ve heard, Apple isn’t going to be building cars but developing technology for advanced car navigation system. If Tesla is being downgraded it’s because the company continues to burn cash like crazy. I like Musk’s Tesla factory and I like Tesla vehicles but I still can’t see how they’re able to value Tesla as high as they do with such high losses. I understand investor greed and how those people like to play the market like it was a casino. With Musk’s reality distortion field in play, Tesla’s share price keeps climbing. With the Tesla car, Musk seems like a genius but with Hyperloop, Neuralink and the Boring Company, the man seems like a crackpot. I guess big investors like that sort of stuff because they’re hoping something has a big payoff. It’s just that I rely on company fundamentals for value. Apple is profitable and so should Tesla be profitable to have such a high share price. Wall Street believes in Tesla future value but not in Apple’s future value. That’s just stupid.
” … and from what I’ve heard, Apple isn’t going to …”
If you take Apple rumours seriously, you are going to end up very confused and disappointed. Most rumours are very wide of the mark, most analysts turn out to be wrong and even when it comes to talking about real products that have been launched and given to people for hands-on testing, the initial line of commentary is frequently at odds with how the product actually works out in reality.
Tim Cook on one extreme end of timidity, and Elon Musk is on the other extreme end of huge risk taker. Musk could be either genius or dumb gambler. However, Musk was at least successful for PayPal etc. He is all over the places now, including space rocket etc. You never know if and when he is considered a successful investor. But then, there’s Bezos. It took him long years before people wake up to realize that Amazon became huge and profitable.
Tim Cook is not an entrepreneur nor investor, so we cannot compare him to anybody. All I know is Tim is a timid, low risk taker. So, there will be no surprise, good or bad.
Wow. The site has gone down hill in the last few years. Macnn.com was so much better. RIP
Apple should buy Tesla (and Elon’s other projects like SpaceX) and bring him on as CEO. Apple needs a visionary as CEO, and Elon is the best guy for the job at the moment. Google is pursing cars, space, etc.. Tesla and SpaceX would be great additions for Apple
What an asinine question. The tech press must be very bored. Tesla are all about well funded vapor, I personally think that Musk is a moron.
PS – the notion that Silicon Valley is representative of anything other than Silicon Valley is equally ludicrous. These people really need to leave their zip code and go to a non-resort once in a while.