Study of TSLA and TSLL (part II)
This is how volatile $TSLA stock is (updated): 2024 (So Far): Low – $138.80 High – $269.77 2023: Low – $101.81 High – $299.29 2022: Low – $101.81 High – $402.67 2021: Low – $179.83 High – $414.50 2020: Low – $28.11 High – $239.57 2019: Low – $11.80 High – $29.02 2018: Low – $16.31 High – $25.83 2017: Low – $14.06 High – $28.80 2016: Low – $9.40 High – $17.96 2015: Low – $12.33 High – $19.11 2014: Low – $9.11 High – $19.43 2013: Low – $2.14 High -$10.53
New robotaxis could be the future of Tesla Inc (NASDAQ:TSLA) and a multi-billion dollar opportunity. An analyst believes the technology could be great for the U.S. but face pressure of being allowed to be a part of Tesla’s China segment.
The Tesla Analyst: Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on Tesla and $310 price target.
“The US Department of Commerce has banned the export of advanced AI chips but what is the stance on advanced AI-enabled robotics?”
Jonas said autonomous cars must avoid objects, and the technological overlap between the civil and military applications of autonomy is high.
“While Tesla vehicles have been making inroads within China government circles, investors may question Tesla’s long term competitive position in such a highly sensitive and regulated industry.”
Jonas said investors should consider the national security implications of Tesla’s robotaxis sooner than later.
The analyst values Tesla’s automotive segment at $56 per share and sees China accounting for 10% of unit volume by 2030. Tesla’s China auto segment could represent 5% of the company’s total share price, or around $40 billion to $50 billion in value.
Tesla should be valued as an “AI beneficiary” company in the future, the analyst said. Jonas notes Tesla needs to get its auto business in line first before investors fully recognize the AI value.
“We do not believe Tesla will get credit as an AI company as long as core auto earnings are being revised down.”
- 07/15/2024 – (2) Dirty Tesla on X: “12.5 bring tested means it’s coming soon! Cybertruck FSD is almost here! 🎉” / X
- 07/14/2024 – Elon Musk says the Trump assassination attempt is making him want to build a flying metal suit of armor (msn.com) – risks on Elon
- Former US President Donald Trump was shot at a rally in Pennsylvania on Saturday.
- Elon Musk said the incident had got him rethinking his own security protocols.
- Musk gave a full-throated endorsement of the presumptive GOP nominee after the shooting.
“You better beef up your security too @elonmusk,” an X user called Whole Mars Catalog tweeted at Musk on Saturday night, after the shooting.
“Maybe it’s time to build that flying metal suit of armor,” Musk replied.
Ian Miles Cheong, a Musk friend and common fixture on X also asked Musk to “triple” his protection, writing on X: “If they can come for Trump they will also come for you.”
“Dangerous times ahead,” Musk wrote in response to Cheong. “Two people (separate occasions) have already tried to kill me in the past 8 months. They were arrested with guns about 20 mins drive from Tesla HQ in Texas.”
Videos taken at the Butler, Pennsylvania rally showed Trump speaking before gunshot noises rang out. The former president was then seen ducking while agents ran to cover him.
Trump was then seen standing up and defiantly raising a fist — with streaks of blood streaming down his face.
(1) Elon Musk on X: “@WholeMarsBlog Maybe it’s time to build that flying metal suit of armor” / X
Tesla Inc. is postponing its planned robotaxi unveiling to October to allow teams working on the project more time to build additional prototypes, according to people familiar with the decision.
The roughly two-month delay has been communicated internally, said the people, who asked not to be identified because the information hadn’t been publicly announced. The design team was told this week to rework certain elements of the car, one of the people said.
Chief Executive Officer Elon Musk set the initial Aug. 8 date for the event months ago, and optimism about the spectacle has contributed to an 11-day streak of gains that added more than $257 billion to Tesla’s market capitalization. The stock closed 8.4% lower on Thursday, its largest drop since January.
Musk didn’t respond to requests for comment.
Shares of would-be taxi rivals Uber Technologies Inc. and Lyft Inc. both surged on the news. Uber’s stock rose 6.1% on Thursday. Lyft shares jumped 4.6%.
The idea of creating an autonomous taxi service has been kicking around Tesla for years, dating at least as far back as when Musk authored a second “master plan” for the company in 2016. The CEO has prioritized the project in recent months over work on an electric vehicle cheaper than Tesla’s most affordable car, the Model 3 sedan.
Read More: Tesla Is Consumed by Chaos in Shift to Musk’s Robotaxi Dream
Musk has talked up Tesla’s work on autonomous-vehicle technology for over a decade and convinced customers to pay thousands of dollars for a suite of features the company markets as Full Self-Driving, or FSD. The name is a misnomer — FSD requires constant supervision and doesn’t render Teslas autonomous — but Musk and top engineers have been increasingly bullish about FSD in recent months as the company’s vehicle sales have slowed.
Tesla delivered 6.6% fewer cars in the first half of the year, despite the company adding a new model — the Cybertruck — to its lineup. The automaker also produced 14% fewer vehicles in the second quarter than it did a year earlier to help curtail swelling inventory.
Tesla Inc. is postponing its planned robotaxi unveiling to October to allow teams working on the project more time to build additional prototypes, according to people familiar with the decision.
The roughly two-month delay has been communicated internally, said the people, who asked not to be identified because the information hadn’t been publicly announced. The design team was told this week to rework certain elements of the car, one of the people said.
Chief Executive Officer Elon Musk set the initial Aug. 8 date for the event months ago, and optimism about the spectacle has contributed to an 11-day streak of gains that added more than $257 billion to Tesla’s market capitalization. The stock closed 8.4% lower on Thursday, its largest drop since January.
Shares of would-be taxi rivals Uber Technologies Inc. and Lyft Inc. both surged on the news. Uber’s stock rose 6.1% on Thursday. Lyft shares jumped 4.6%.
The idea of creating an autonomous taxi service has been kicking around Tesla for years, dating at least as far back as when Musk authored a second “master plan” for the company in 2016. The CEO has prioritized the project in recent months over work on an electric vehicle cheaper than Tesla’s most affordable car, the Model 3 sedan.
“Hard to justify Tesla’s valuation without robotaxis,” says Guggenheim’s Ronald Jewsikow • $TSLA stock dropped about 8.5% due to a delay in the expected robotaxi event, ending an 11-day winning streak. • Elon Musk’s past statements about Tesla’s self-driving capabilities have sometimes missed market expectations, impacting stock performance. • Investors are skeptical about Tesla’s ability to launch robotaxi technology without enough testing data to satisfy regulators. • Even with recent stock gains, there are worries about Tesla’s focus on short-term market trends instead of long-term fundamentals like Q2 earnings quality.
