$4B Investment Bank says Tesla FSD is more valuable than its car business

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RBC Capital places a higher valuation on Tesla’s advancements in autonomy, particularly in Full Self-Driving (FSD), compared to its core car manufacturing business. The firm sees Tesla’s offering of a one-month complimentary trial of FSD as a potential catalyst in the second quarter of 2024. According to RBC Capital analyst Tom Narayan, even in the worst-case scenario, the free FSD trial could draw customers to Tesla showrooms. In the best-case scenario, it could lead to a higher adoption rate of FSD and potentially boost deliveries of the Model 3 and Model Y.

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