Tesla Bull Says He Knows Why Wall Street Doesn't 'Yet Get How Great FSD' Is: 'Won't Add Value To TSLA's Valuation Unless...'
Portfolio Pulse from Anan Ashraf
Gary Black, a Tesla Inc. investor, stated that Tesla's valuation will only be significantly impacted by its Full Self-Driving (FSD) software once it achieves fully autonomous driving capabilities. Despite Wall Street recognizing Tesla's progress with FSD, it won't adjust Tesla's valuation until the software becomes fully autonomous and Tesla assumes full liability for any incidents. Currently, Tesla attributes all incidents involving FSD to the driver. Tesla plans to roll out significant improvements to FSD, aiming for it to 'shine bright' by late April or May. Black also suggests Tesla should add a segment on its AI endeavors in its earnings reports to highlight its FSD project.
March 29, 2024 | 5:45 am
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NEUTRAL IMPACT
Tesla's valuation and stock price may see significant impact only when its FSD software achieves full autonomy and Tesla assumes liability for incidents. Current progress and planned improvements are recognized but not yet sufficient for valuation adjustments.
The article suggests that while Tesla's FSD software is making progress, Wall Street is waiting for it to achieve full autonomy and for Tesla to assume liability for it to impact the company's valuation. This indicates a neutral short-term impact on TSLA's stock price as the market awaits these developments.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100