RBC Cuts Tesla Price Target From $293 to $227

Tesla price target was cut to $227 from $293 by RBC Capital Market analyst Tom Narayan, saying he was lowering the estimates for the company’s robotaxi venture and was allocating a bigger revenue share to service providers like Uber and Lyft. He speaks on "Bloomberg Surveillance."
--------
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv

Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com/@bloombergbusi...
Reddit: / bloomberg
LinkedIn: / bloomberg-news

More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals

Watch more on UA-cam:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts

[@PK-uk3gh]

😂😂 Tesla bull flipped. 😂😂
Robotaxi 😂😂 - Yeah totally we are getting it next quarter 😂😂
400 Billion pricing assumption. Dude has to explain...what will Tesla bring as a robotaxi when FSD was supposed to do the same for people...... 😂😂

[@TheMagicJIZZ]

If Tesla has 7 million cars on the road and they have $99 monthly subscriptions for FSD
You wouldn't say that business is worth it?