Tesla's Robotaxi Ambition Is Great News for Nvidia Stock Investors

By Parkev Tatevosian, CFA – Apr 26, 2024 at 5:09AM

NASDAQ: TSLA

Tesla

Market Cap

$578B

Today's Change

(1.97%) $3.57

Current Price

$184.76

Price as of May 6, 2024, 4:00 p.m. ET

Tesla needs to spend more on the graphic processing units Nvidia sells to develop the driverless car technology.

Fool.com contributor Parkev Tatevosian discusses why Tesla's (TSLA 1.97%) spending plans could benefit Nvidia (NVDA 3.77%) shareholders.

*Stock prices used were the afternoon prices of April 23, 2024. The video was published on April 25, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia and Tesla. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.