Although Tesla's winning streak was snapped yesterday after 13-straight sessions, EV stocks have been on the rise. Yahoo Finance spoke to experts and analysts across the industry to break down the recent run, Tesla's valuation as an AI-tech company, and the potential for the rise to continue.
Tom Narayan, RBC Capital Markets Lead Equity Analyst, Global Autos, discussed how Tesla's (TSLA) self-driving software and its recent deals with Ford (F) and General Motors (GM) could help the company dominate the EV market. Narayan said, "The deals that they struck with Ford and GM coming to Tesla and choosing their platform ... Elon Musk said we want to be like Android, and really open up this software to everybody."
Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber spoke about Tesla's recent deals and autonomous driving platform fueling its recent run. Gerber said, "The market is finally realizing the full value of the software that they've been developing."
Video highlights:
00:00:03 - Yahoo Finance Senior Business Reporter Ines Ferre
00:00:25 - Yahoo Finance markets reporter Jared Blikre
00:00:51 - RBC Capital Markets Lead Equity Analyst Tom Narayan
00:01:12 - Chief Investment Officer at Tematica Research Chris Versace
00:01:34 - Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber
