Daiwa upgrades Tesla, says rising oil prices could accelerate EV demand

An aerial view shows cars parked at the Tesla Fremont Factory in Fremont, California on February 10, 2022.
Josh Edelson | AFP | Getty Images

Tesla's proven ability to navigate supply chain issues and the rising price of oil could give the company a leg up on its competitors in the coming months, according to Daiwa Capital Markets.