Morgan Stanley's Adam Jonas is closely watching what Amazon's doing in the electric vehicles space.
Morgan Stanley's widely followed auto analyst Adam Jonas is closely watching what Amazon's doing in the electric vehicles space, but he hasn't decided if the online giant will be a friend or foe of those established carmakers like General Motors.
Amazon recently invested in two automotive tech firms. It led a $700 million investment in electric vehicle makers, Rivian. The tech giant also invested in a $530 million round of funding for Aurora, a startup developing autonomous systems that could rival those from GM Cruise. The company is already hauling some cargo in self-driving trucks from a startup called Embargo.
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