Investors remain optimistic about Tesla, primarily due to its heavy focus on self-driving car technology, which is projected to be a $13.6 trillion market by 2030. Despite recent disappointing earnings, CEO Elon Musk reassured shareholders by committing more time to Tesla and announcing a self-driving service launch in Austin, Texas, later this year. CFO Vaibhav Tanejas highlighted plans for a lower-priced model and enhancements in full self-driving features to stimulate demand. An impending trade deal with China may further support Tesla's growth prospects.
Granted, recent Tesla earnings weren't so hot. Operating profits missed estimates, deliveries fell 13%, and EPS of 27 cents missed by 15 cents. However, investors are shrugging off a good deal of negativity.
CEO Elon Musk said he will dedicate more time to Tesla and reduce time with DOGE. He also mentioned that the company will launch a self-driving service in Austin by June.
CFO Vaibhav Tanejas noted, 'Tesla plans to launch a lower-priced model mid-year. Additionally, advancements in FSD-related features should help create a new era of demand.'
Investors are betting on Tesla's self-driving car investments, seeing it as a potential $13.6 trillion opportunity by 2030, according to Fortune Business Insights.
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