Analyst Says It's Time for Tesla to Start Worrying About Apple's Car Ambitions
- Morgan Stanley analyst doubles down on competition fears
- Jonas cites Apple CEO’s candid comments about auto sector
Cook Says Apple Is Focusing on Autonomous Car Systems
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Tesla Inc. may be facing more competition from other tech giants than initially feared, and one of the analysts that had been most bullish on the firm is growing increasingly worried.
Morgan Stanley’s Adam Jonas, who downgraded shares of Tesla in mid-May on risk of competition from the world’s largest tech companies, is reiterating his concerns after hearing Apple Inc. Chief Executive Tim Cook outline the iPhone maker’s plans.