"Instead, it's a robotics company. In a recent note that was released after Tesla reported Earnings in late January, Cramer seemed to recognize that the underwhelming financials and overall performance of the automotive division were not representative of the current state of affairs. Instead, we're seeing a company transition itself away from its early identity, essentially evolving like a caterpillar into a butterfly."
"...we got results from Tesla, which actually beat numbers, but nobody cares about the numbers here, as electric vehicles are the past. And according to CEO Elon Musk, the future of this company comes down to Cybercabs and humanoid robots. Stock fell more than 3% the next day. That may be because their capital expenditures budget was higher than expected, or maybe people wanted more details from the new businesses. At"
Tesla is repositioning itself from an electric-vehicle manufacturer to an AI and robotics company. Q4 results beat expectations but the company narrative emphasizes future businesses over conventional automotive metrics. Model S and Model X production will end after Q2 as part of shifting product priorities toward autonomy. The company is prioritizing vehicles designed for self-driving and Robotaxi deployment alongside humanoid robotics and Cybercabs. The stock dropped more than 3% after the earnings call, potentially due to a larger-than-expected capital expenditures budget or insufficient detail about the new business lines.
Read at TESLARATI
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