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Technology Stocks : Driverless autos, trucks, taxis etc.

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From: Sam5/17/2017 12:16:59 AM
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Google Made E-mail Free; Are Cars Next?
Tesla makes money by selling its cars, but Google and Apple could have different motivations for getting into the car business.

By Emily Bary
May 16, 2017 1:00 p.m. ET


One analyst thinks Apple might eventually start a mobility service so that it can drive you around in ‘a mobile Apple store.’ ILLUSTRATION: GETTY IMAGES/ISTOCKPHOTO

Yesterday, Morgan Stanley downgraded shares of Tesla. Today the firm’s analyst, Adam Jonas, is weighing in with more reasons why.

The news that Lyft will partner with Google’s Waymo driving unit on autonomous-driving efforts highlights that tech companies are getting smarter about cars. Alphabet, Google’s parent company, brings its technology to the table, and Lyft brings a fleet that drives “thousands of times more miles” than Waymo’s cars do, Jonas wrote.

continues at barrons.com
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