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Home » Morgan Stanley Remains Bullish Robotaxis, Note $TSLA: In Defense of Robotaxis

Morgan Stanley Remains Bullish Robotaxis, Note $TSLA: In Defense of Robotaxis

Canaccord Genuity just cut his price target on $TSLA from $267 to $234

In a new research note, Morgan Stanley auto analyst Adam Jonas expressed continued confidence in the viability of autonomous robotaxi services over the long run. This comes even as near-term hurdles have slowed the pace of development, new $TSLA note: In Defense of Robotaxis.

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$TSLA note: In Defense of Robotaxis

Jonas stated that while obstacles remain, “facts and events do change, and so too must an analyst’s views.” He believes robotaxis will ultimately gain traction after sustained tech refinements, regulatory approval, and public acceptance.

The vote of confidence in autonomous mobility technology comes as hype around self-driving vehicles has tempered from just a few years ago. Challenges like high costs, scaling difficulty, and lingering safety concerns have curbed the most optimistic forecasts.

But Jonas argues analysts must continue updating perspectives as technology evolves. And he sees a clear path for robotaxis to create disruption down the road as sensors, algorithms, mapping data, and regulations advance.

$TSLA note In Defense of Robotaxis

Companies like Tesla, Waymo, and Cruise continue pouring billions into developing and proving safe driverless systems for commercial taxi applications. And limited autonomous services are already operational in certain areas.

While acknowledging the longer timeline ahead, Morgan Stanley’s analyst insists autonomous mobility still presents transformative potential. Jonas believes self-driving technology will reach an inflection point eventually, and analysts must keep an open mind.

His note signals that while hype has cooled, robotaxis remain a pivotal part of future visions for passenger transport at Wall Street’s top firms. Patience and perspective will be key. But for proponents like Jonas, autonomous mobility’s day will come.

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