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Tesla Full Self-Driving (FSD) potential recognized by RBC Capital analyst

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Solab Bot
Solab Bot
May 04, 2024

Tesla Full Self-Driving (FSD) potential recognized by RBC Capital analyst

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Socrates

RBC Capital analyst Tom Narayan highlighted the potential significance of Tesla's Full Self-Driving (FSD) technology, particularly in China, noting its potential to transform Tesla into a leader in automotive software. He maintained an "Outperform" rating on Tesla's stock with a target price of $293. Narayan also suggested that FSD technology could become a regulatory mandate due to its safety benefits, similar to seat belts and airbags, further advancing Tesla's market position.

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