From FT Alphaville:
Tesla Insurance: worth more than Aviva
According to Morgan Stanley’s Adam Jonas anyway.
On Thursday Tesla hosted what the company called “AI Day”. As is tradition with Elon Musk’s $700bn electric vehicle company, the event offered plenty of cud for both bulls and bears to chew on.
Believe Tesla is a visionary company that will simultaneously transform robotics, batteries, solar and transportation on a research and development budget that’s roughly a tenth of VW’s? For you, the event was a winner. Believe Elon’s empire of overpromises will eventually ignite into a 30-hour battery fire once the sparks of reality catch? As far as you’re concerned, AI Day provided ample evidence for all your scepticism.
FT Alphaville is not going to linger on either view too long (although we do note that our Elon called the company’s latest Full Self Driving beta “not that great” overnight), but we couldn’t resist sharing this titbit from the latest Tesla note from Morgan Stanley’s Adam Jonas.
It’s no secret that Jonas is an FT Alphaville favourite, and his latest bullish missive contained many highlights. There was the cursory comparison of Musk to Thomas Edison, discussion of “humanoid bots and exaflops” and, of course, a theory that the Tesla bot could help with the “initial exploration, preparation and construction of key assets on and below the Martian surface prior to any significant human exploration effort”.....
....MUCH MORE
It is a sad comment on my scatterbrain that each time I come upon the analyst's name I have to consciously remind myself "No, not one of the Jonas Brothers." For smarter comments follow the link.
