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

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Jesse Pound@/in/jesse-pound@jesserpound
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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.