Self-driving justifies Tesla's market cap more than car sales, says RBC's Tom Narayan
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RBC Capital Markets Global Autos Analyst, Tom Narayan, suggests that Tesla's market capitalization is more justified by its self-driving technology than by its car sales. He discusses potential tailwinds for Tesla, including possible deregulation.
November 18, 2024 | 10:45 pm
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RBC analyst Tom Narayan argues that Tesla's market cap is more justified by its self-driving technology than its car sales, highlighting potential deregulation as a positive factor.
The analyst's view that self-driving technology justifies Tesla's market cap suggests a positive outlook for the company's future growth in this area. Potential deregulation could further enhance Tesla's market position, likely leading to a positive short-term impact on its stock price.
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