Morgan Stanley reports on the economic benefits of driverless cars

In November 2013 Morgan Stanley announced their blue paper report: “Autonomous Cars: Self-Driving the New Auto Industry Paradigm.” The authors predicted trillions in savings but the announcement provided little data on where those savings would come from. However, thanks to a research note released yesterday on Tesla Motors, Inc. (TSLA’s New Path of Disruption) Morgan Stanley provided an extract from the initial report which provides an outline of how they arrived at the annual $1.3 trillion in savings.