Adam Jonas, Morgan Stanley auto analyst.
CNBC
Noted Morgan Stanley auto research analyst Adam Jonas will be stepping into a new role at the firm.
Save for a brief stint as a researcher at a European competitor, Jonas has been with Morgan Stanley (and predecessor firm Dean Witter) since graduating from college, eventually working his way up to leading the bank’s coverage of the automobile industry. With this latest move, Jonas will now focus on a wider artificial intelligence theme.
“After nearly 30 years covering autos, I am pursuing an exciting opportunity within Morgan Stanley’s research department focusing on physical/embodied AI (AVs, eVTOLs, space, humanoid robots, etc) leveraging the ideas and relationships from my talented research colleagues across public and private companies,” Jonas said, according to an internal staff memo obtained by CNBC.
Jonas gained notoriety across Wall Street for being a longtime Tesla bull. Early on, he laid out a broader vision for the electric vehicle company that encompassed autonomous robotaxis to justify Tesla’s high valuation.
The internal move was first reported by Bloomberg News. Bloomberg added that analyst Andrew Percoco will take over Morgan Stanley’s coverage of the North American auto industry in coming months.