A Wall Street Journal report claiming that Elon Musk-led Tesla (TSLA) might shut or sell its operations in China has raised alarms among the ******* yst community. Although Tesla has refuted the possibility of such a development, Tom Narayan of RBC Capital Markets has opined that it would be a bad move for Tesla.
Narayan said, "Were Tesla forced to sell its China business, it would likely not receive fair value for it. A sale would generate only a fraction of that value since humanoids and robotaxi upside would be lost—a likely buyer such as BYD or SAIC would probably only want the automotive business and perhaps FSD."
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Narayan said, "Were Tesla forced to sell its China business, it would likely not receive fair value for it. A sale would generate only a fraction of that value since humanoids and robotaxi upside would be lost—a likely buyer such as BYD or SAIC would probably only want the automotive business and perhaps FSD."
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2 months ago
