Morgan Stanley auto analyst can't issue price targets on 2 of the world's biggest car companies
Bloomberg's David Welch reports:
Jonas has been positive on FCA, and has in the past expressed disappointment that GM isn't performing better.
But his real interest has generally been Tesla, as well as an emerging and at-times radical thesis, for Wall Street, that transportation is on the verge of a massive disruption, intensified by self-driving cars and the arrival of technology companies such as Apple and Google to the automotive game.
We're assuming that even if Jonas can't issues recommendations or price targets, he and his team can still keep tabs on GM and FCA.
But an interesting sideline to FCA CEO Sergio Marchionne's increasingly desperate effort to merge Fiat Chrysler with somebody is that Jonas, the most interesting mobility analyst on Wall Street, can now spend more time thinking about the future of getting around and the implications for investors of major change.