Potentially licensing FSD “would represent an important change of scope” in Tesla’s total addressable market, Morgan Stanley’s Adam Jonas said.
, calling the trends minor compared to what will happen when its cars are able to upload self-driving capability.— that the upload will augur “the single biggest step-change in asset value, maybe in history” — apparently wasn’t convincing.
It “could be a significant part of Tesla’s long-term investment thesis,” wrote Tom Narayan of RBC Capital Markets. Neither analyst mentioned in their reports that Musk has made similar comments about licensing talks before.in January 2021, he said Tesla had preliminary discussions about offering Autopilot — the company’s standard-equipment driving system — to other manufacturers.A licensing deal with a competitor seems more plausible now than it did just a few months ago.
One of the reasons Tesla’s stock has still more than doubled this year — even after Thursday’s rout — isFord Motor Co., General Motors Co. and half a dozen other automakers have adopted the design Tesla is trying to make an industry standard.
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