Morgan Stanley analyst Adam Jonas thinks that this chart represents the future of the auto industry, where we one day move into autonomous, shared transportation.
I'm not discounting the idea of the self-driving car. I think it will arrive at some point in the intermediate future, with far less capabilities than we may expect, but at much lower cost. The notion of self-driving, shared-ownership vehicles is a fantastical notion held by childless coastal elites who are utterly disconnected from the reality of the other 300 million Americans who must deal with children, elderly relatives, poor weather, long driving distances and a general aversion to anything that deviates from private vehicle ownership.
This is not likely to change, and it's further compounded by the myriad regulations governing the automobile, which cannot be undo with the wave of a magic wand (or campaign donations). Adam Jonas is also notorious for making highly hyperbolic predictions about Tesla's share price. I wouldn't be surprised if this is a way to gin up business for Morgan Stanley when it comes time to underwrite some car sharing IPOs. And lastly, tuning out anything with the word "disruption" in it is a pretty solid heuristic.
Tell me why I'm wrong.
The post Chart Of The Day: The Future Of The Auto Industry appeared first on The Truth About Cars.
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