TECH - 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...' | Benzinga
Tesla Inc. (NASDAQ:TSLA) investor and Future Fund Managing Partner Gary Black has said that the valuation of the EV giant will only be influenced by its full self-driving (FSD) software once it achieves fully autonomous driving capabilities.
What Happened: Black emphasized that although Wall Street acknowledges Tesla’s progress with the FSD software, it will not impact the valuation until the software achieves fully autonomous driving.
Presently, Black views the FSD software as a remarkable driver assist tool rather than a fully autonomous driving solution. He stated that for the software to truly deliver autonomous driving capabilities, Tesla must assume full liability for any injury or damage incurred.
“Since I don't see that happening anytime soon, WS won't add incremental value beyond the normal take rate math in every analyst's TSLA ...