“A 3D transport swarm is coming to your city soon.”
That is not the rambling of a geek pretending to be a nerd who is hiding his dorkiness in his mother’s basement behind a big screen permanently fixed on Syfy.
It comes from none other than Morgan Stanley, which continues, “Over the past day, we’ve seen a number of interesting developments around the UAM (Urban Air Mobility) and eVTOL domain that comprise just a small part of what is clearly becoming a profound development. GM unveiled the latest rendering of its Cadillac branded eVTOL at CES. And the previous day, Tom Enders (former head of Airbus) joined the board of Lilium. Many of our clients may, understandably, chalk the excitement around flying cars to free money and a frothy market environment. Oh sure, that helps… but we believe there are bigger forces at work and worth investor attention today.”
The multinational bank and financial services company’s frequent flyers go on to lay some implications flying cars will have, including a post-COVID, final-mile role in logistics and e-commerce.
And while no less than Tesla CEO Elon Musk has historically dismissed UAM transport modality—due to noise, privacy and general annoyance concerns—Morgan Stanley says, “[W]e would not bet against Tesla unveiling a concept in the UAM arena in the near future.”