Monday , November 18 2019
Home / zimbabwe / Morgan Stanley warns GM investors to temper expectations of herself driving

Morgan Stanley warns GM investors to temper expectations of herself driving



[ad_1]

  • Cruise autonomous GM plants driving unit to double in size this year.
  • Morgan Stanley, meanwhile, warned investors that revenue and profit may still be a long way off.
  • Wall Street banks said the possibility of removing the safety of drivers of vehicles is crucial, but it can take years.

Morgan Stanley is trying to fake excitement investors to block Cruise robo-cab General Motors.

In a note to clients this week, Wall Street bank told clients that self-control can not ever turn revenue if it can not remove the redundant safety drivers of cars.

"While we believe that GM Cruise has great technological importance, we urge investors to lower expectations for revenue generation and profitability of the unit," said analyst Adam Jonas clients in a research note.

"Not taking anything away from the cruise GM, as we understand that the technology needed for the removal of human drivers on the acceptable level of safety of consumers are likely in many years," he continued. "And the legal structure to support even proven technology, can present even more obstacles are largely beyond the control of GM Crusoe."

Jonas is far from the first to play down the hype around the self-driving cars.

Take on Google Waymo, for example, who works with the only consumer facing, own fleet driving driving revenue. Even Waymo still has reserve drivers of cars, which makes the service of the de facto Uber ride, for all practical purposes.

GM hoped that Cruz may soon work without a driver – and eventually in a car that does not even have a steering Whee l. Federal regulators have opened the opportunity for public comment period of 60 days to 15-month-old GM proposal.

Loud incidents as the killing of a pedestrian in Arizona Clean self-driving in 2018, added to some skepticism technology. However, given the massive number of deaths on the roads each year in the United States, advocates point to greater security robots on the wheel than people.

"We design for the development of autonomous vehicles, but see room for market scenarios elongated curve of adoption," said Jonas. "Given the technological challenge, as well as the regulatory framework."

[ad_2]
Source link