Tesla(US:TSLA) ZACKS·2025-02-28 15:30Core Viewpoint - Tesla is advancing towards launching its autonomous ride-hailing service by filing for regulatory approval in California, aiming to compete with industry leaders like Waymo, Uber, and Lyft [1][2] YTD Performance - Year to date, Tesla's shares have decreased by 11.9%, underperforming the Zacks Auto, Tires and Trucks sector and the S&P 500 index, which declined by 18.4% and 0.7% respectively [3] - Tesla's performance is also lagging behind Uber and Lyft, which have gained 31.6% and 4.1% respectively in the same period [3] Business Segments - Tesla's Energy Generation and Storage business is its most profitable segment, with energy storage deployments growing at a CAGR of 180% over the past three years, and a 113% year-over-year increase in 2024 [7] - The global supercharging network, with over 65,000 connectors, is expected to enhance overall profitability, as major automotive companies like Ford and Mercedes adopt Tesla's North American Charging Standard [8] Future Projections - Tesla anticipates producing nearly three million vehicles in 2025, indicating over 60% growth compared to 2024 [9] - The company expects to maintain sufficient liquidity in 2025 to support its product roadmap and expansion plans [10] Financial Estimates - The Zacks Consensus Estimate for Tesla's first-quarter 2025 revenues is $24.15 billion, reflecting a year-over-year growth of 13.39% [11] - For the full year 2025, the revenue estimate is $111.07 billion, suggesting a year-over-year growth of 13.7% [12] Investment Considerations - Tesla's push into autonomous ride-hailing and its expanding energy storage and charging businesses position it for long-term growth, despite near-term challenges and declining EPS estimates [13]