Reported 4 days ago
Despite Tesla's third-quarter deliveries falling short of Wall Street expectations, RBC Capital Markets analysts believe this isn't critical for the company's future valuation. They argue that revenue from full self-driving technology and energy storage will be more significant in assessing Tesla's profitability moving forward. Analyst Tom Narayan highlights that customers will begin focusing more on gross profits rather than just delivery numbers, predicting an improved outlook thanks to ongoing regulatory credits and increased performance in energy storage.
Source: YAHOO