Its new report, Autonomous Vehicles & Municipal Bonds, puts the net positive impact on municipal budgets in excess of half a trillion dollars. Stay on top of today's volatile markets with these timely resources. Morgan Stanley estimates that in 2030, cars will drive more than 19.6 billion miles worldwide, far higher than the 10.2 billion they traveled in 2015. Toward that end, the CEO of a major airplane manufacturer announced in September, 2018, that the company is investing in urban mobility and flying taxis." Called STEEPL, the tool is used to gauge a region's social, technological, economic, environmental, political and legal landscape as it pertains to the automotive market. Morgan Stanley is differentiated by the caliber of our diverse team. Autonomous vehicles could change not only the way we move from point A to point B, but also how we live our lives. This material is for the benefit of persons whom the Firm reasonably believes it is permitted to communicate to and should not be forwarded to any other person without the consent of the Firm. For automakers, BEVs are a game changer. Though some have criticized Tesla for releasing new Autopilot capabilities in an unfinished form and for declining to develop a more robust system to make sure drivers pay attention to the road, Autopilot has broken ground for driver-assistance systems and received high marks for its capabilities. Derivative instrumentsmay disproportionately increase losses and have a significant impact on performance. Reducing the cost, decreasing noise and creating aircraft that essentially levitatenot takeoff via a runawayare also key considerations. Along the way, plenty of other sectors will be figuring out how they can come along for the ride. In the autonomous-vehicle industry, it can be difficult to identify the most important supporting players from the outside. We help people, businesses and institutions build, preserve and manage wealth so they can pursue their financial goals. Past performance does not guarantee future results. "The sooner investors can make the transformation, we believe the more industry events will make sense over the next 12 to 24 months, as the story of industry disruption likely unfolds," says Jonas, who first called out the emerging trend of shared mobility as early as 2014, and has since been exploring its ramifications through the auto industry, changes in consumer behavior and the evolving technologies reshaping this space. Prior to making any investment decision, investors should carefully review the strategys relevant offering document. For European banks, financial inclusion is not only socially responsibleit may help drive sustained economic growth in emerging markets. natural disasters, health crises, terrorism, conflicts and social unrest) that affect markets, countries, companies or governments. Hayon is leading the company's work on self-driving technology with an approach the company calls "true redundancy." Our monthly Global Equity Observer shares our thoughts on world events as seen through the lens of our high quality investment process. Accordingly, you can lose money investing in this Portfolio. The services described on this website may not be available in all jurisdictions or to all persons. Any performance quoted represents past performance. At Morgan Stanley, youll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We lead with exceptional ideas, prioritize diversity and inclusion and find meaningful ways to give backall to contribute to a future that benefits our clients and communities. This is a major intellectual feat . Before joining Nuro, Estrada helped develop early autonomous-vehicle regulations at Google. Get the latest insights, analyses and market trends in our newsletter, podcasts and videos. In fact, it doesn't even have a steering wheel, or pedals, or a gas tank. For European banks, financial inclusion is not only socially responsibleit may help drive sustained economic growth in emerging markets. Across all our businesses, we offer keen insight on today's most critical issues. May 1 (Reuters) - Morgan Stanley is planning to eliminate about 3,000 jobs in the second quarter, a source told Reuters on Monday, in its second round of job cuts in six months. Everything we do at Morgan Stanley is guided by our five core values: Do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. However, the Morgan Stanley team doesn't believe technology will be an ultimate limiting factor. Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer of the Global Balanced Risk Control (GBaR) Team, shares his macro thematic views on key market drivers. Our board of directors and senior executives hold the belief that capital can and should benefit all of society. Information does not address financial objectives, situation or specific needs of individual investors. For decades, the health of the automotive industry has been measured by the number of vehicles sold. Counterpoint Global discusses psychedelics as medicine and its disruptive impact. We see the development of the urban air mobility ecosystem as extremely long-dated, with up-front capital allocation, testing, and development in the short term, says Jonas. From our startup lab to our cutting-edge research, we broaden access to capital for diverse entrepreneurs and spotlight their success. /pub/content/dam/im/json/imwebdata/im/data/misc/translation/translation.json, /pub/content/dam/im/json/imwebdata/im/data/misc/translation/aggTranslation.json. It expresses no views as to the suitability of the investments described herein to the individual circumstances of any recipient or otherwise. At Morgan Stanley, we lead with exceptional ideas. Member FINRA/SIPC. It is not addressed to any other person and may not be used by them for any purpose whatsoever. We rely on our technologists around the world to create leading-edge, secure platforms for all our businesses. Check the background of our firm and registered representatives on FINRA's BrokerCheck. How to pay for such charging also remains an open question, now that free charging seems to have gone by the wayside. After all, 600 billion hours is a lot of time to spend in vehicles that you arent driving. Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. We believe our greatest asset is our people. From volatility and geopolitics to economic trends and investment outlooks, stay informed on the key developments shaping today's markets. Apple's potential autonomous car is called the ultimate EV bear case by Morgan Stanley Nov. 19, 2021 7:50 AM ET Apple Inc. (AAPL) , TSLA , APTV , BWA GM , AN , CAR , RACE , CVNA , QS , FSR , LCID . BEIJING, China, May 01, 2023 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (Nasdaq: LI; HKEX: 2015), a leader in China's new . As Motional's CTO, Laura Major oversees the technology behind those vehicles. In general,equities securitiesvalues also fluctuate in response to activities specific to a company. At Morgan Stanley, we focus the expertise of the entire firmour advice, data, strategies and insightson creating solutions for our clients, large and small. For 87 years, weve had a passion for whats possible. Tell us about yourself. Not only is technology speeding in that direction, but, according to Morgan Stanleys recent Blue Paper report, "Global Investment Implications of Auto 2.0," the global auto market is ripe for major disruption. At Morgan Stanley, we lead with exceptional ideas. Illiquid securitiesmay be more difficult to sell and value than public traded securities (liquidity risk). (Bloomberg) -- Stock market investors holding on to hopes that the Federal Reserve will cut rates in the second half could be . A timely analysis of market-changing events and their impact on the investment landscape. Drones and VTOLs could be part of the evolving solution of last-mile parcel delivery challenges, says Ravi Shanker, equity analyst covering the North American transportation industry. From volatility and geopolitics to economic trends and investment outlooks, stay informed on the key developments shaping today's markets. Our culture of access and inclusion has built our legacy and shapes our future, helping to strengthen our business and bring value to clients. Ideas across disciplines uncover novel insights for sharper decision-making. 2023Morgan Stanley. A former trade negotiator for the Obama administration, Lia Theodosiou-Pisanelli is now Aurora's head of partnerships, product, and programs. The beverage and restaurant sectors may be a somewhat unintended beneficiaries of autonomous vehicles. Advancements in mobile technology that allow users to summon cars from their smartphones have already made sharing more convenient, and more progress is to come. Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer of the Global Balanced Risk Control (GBaR) Team, shares his macro thematic views on key market drivers. We help people, businesses and institutions build, preserve and manage wealth so they can pursue their financial goals. Benefits would include improved package delivery service to rural areas, decreased shipping costs and reduced congestion in urban areas. Our insightful research, advisory and investing capabilities give us unique and broad perspective on sustainability topics. From our origins as a small Wall Street partnership to becoming a global firm of more than 80,000 employees today, Morgan Stanley has been committed to clients and communities for 87 years. The autonomous-vehicle industry has been a hot sector for investment banks in recent years, and Regina Savage has emerged as one of the industry's key dealmakers, Brennan said. In Europe, extensive public transportation options and the political strength of auto and parts manufacturers are obstacles to shared vehicle adoption, but electric vehicles bode well for the region's strengthening emissions standards. The risks of investing inemerging market countriesare greater than risks associated with investments in foreign developed countries. Check the background of Our Firm and Investment Professionals on FINRA's Broker/Check. Please be aware that this Portfolio may be subject to certain additional risks. Battery technology, processing and computing power, and advanced composite systems all overlap with eVTOL aircraft manufacturing. For investors, the rise of autonomous vehicles has the potential to impact industries as far afield as health care, insurance, internet and infrastructure. We value our commitment to diverse perspectives and a culture of inclusion across the firm. Beyond the production of the cars themselves, several other factors will affect their take, including cultural views surrounding private car ownership, the legal implications of driverless cars and the level, if any, of government support. Portfolios are subject to, Prior to making any investment decision, investors should carefully review the strategys relevant offering document. Market values can change daily due to economic and other events (e.g. Original equipment manufacturers (OEM) and suppliers to the auto industry will face new competitors with advantages in software, consumer electronics, and cost of capitaland some may struggle to attract and retain the best talent. At Morgan Stanley, youll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. The firm looks at about 100 startups a month, and Meruva is usually the first person to meet with them. That number. During Elshenawy's tenure at Cruise, the company's approach has impressed experts, who have ranked Cruise among the most promising autonomous-vehicle companies. At Morgan Stanley, we put our beliefs to work. Morgan Stanley upgrades GM, stock sees a boost - Yahoo Finance Counterpoint Global discusses psychedelics as medicine and its disruptive impact. Before joining Aurora, in 2019, she was Lyft's director of business development and strategy, where she focused on automated-driving technology. We believe our greatest asset is our people. We have the experience and agility to partner with clients from individual investors to global CEOs. 5 Sustainable Investing Trends for Companies and Investors, 7 Investment Ideas That Could Drive Markets in 2023, Yes, You Can Be a Tech Innovator at Morgan Stanley, Head of Global Auto and Shared Mobility Research. Hayon, one of Mobileye's first employees, led the development of software that allows Mobileye ADAS systems to understand how nearby objects are moving so that they can warn the driver or take evasive action to avoid a collision. Morgan Stanley helps people, institutions and governments raise, manage and distribute the capital they need to achieve their goals. Such a future of shared, fully electric, driverless cars on demand is closer to reality than it might appear. Meruva was a software engineer at Uber and BMW before joining Trucks. National Highway Transportation Safety A dministration (NHTSA 2013): Everything we do at Morgan Stanley is guided by our five core values: Do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. A comprehensive assessment of noteworthy trends shaping the global investment risk environment and our portfolio allocations. They also may be subject to counterparty, liquidity, valuation, correlation and market risks. 5 Sustainable Investing Trends for Companies and Investors, 7 Investment Ideas That Could Drive Markets in 2023, Yes, You Can Be a Tech Innovator at Morgan Stanley, hours people spend annually driving and riding in cars, India, a country with growing Internet access. Find a Financial Advisor, Branch and Private Wealth Advisor near you. Our firm's commitment to sustainability informs our operations, governance, risk management, diversity efforts, philanthropy and research. Information does not address financial objectives, situation or specific needs of individual investors. We help people, businesses and institutions build, preserve and manage wealth so they can pursue their financial goals. We provide comprehensive workplace financial solutions for organizations and their employees, combining personalized advice with modern technology. After an exceptional year for mergers and acquisitions in 2018, Morgan Stanley bankers expect the market to stay strong, albeit with some shifting dynamics. According to Harald Hendrikse, Morgan Stanleys Equity Analyst for European Autos & Shared Mobility, the range of profitability outcomes for these players is wide and will likely rely on factors such as BEV growth, price impacts on internal combustion vehicles, and gross margins for electric vehicles. Called STEEPL, the tool is used to gauge a region's social, technological, economic, environmental, political and legal landscape as it pertains to the automotive market. IT hardware-software and Internet and media companies can get fairly creative about how passengers end up passing their time riding in autonomous cars. But electric cars could be seen as a welcome solution to China's concerns about air pollution, and its growing Internet and mobile app market has already opened the door to the development of on-demand ride-hailing technology. For instance, one of the key drivers of autonomous vehicle adoption is improved safety. Ask your Morgan Stanley representative or Financial Advisorfor the full report, The Shared Autonomous 30 (Sep 22, 2016). Sign up to get Morgan Stanley Ideas delivered to your inbox. Underpinning all that we do are five core values. Electric utilities would benefit from the shift away from the pump to plug-in charging, as electric vehicles gain more consumer traction.