Morgan Stanley’s Adam Jonas to Step Away From Autos Coverage

Morgan Stanley’s Adam Jonas, a longtime Tesla Inc. bull and automotive industry analyst, is moving into a new broader role at the bank, according to an internal memo seen by Bloomberg.

Jonas, who has covered Tesla at the firm for more than a decade, will be taking on the coverage of artificial intelligence and humanoid robots later this year, the memo said. A Morgan Stanley spokesperson confirmed the contents of the memo.