Tesla: It Is Likely Going To Get Much Worse

Group 1: Tesla's Q1 Results - Tesla's Q1 results were soft, but this has not affected investor sentiment, as the current weakness is viewed as temporary [1] - Investors are shifting focus to Tesla's long-term initiatives, such as robotaxis and humanoid robots [1] Group 2: Narweena Asset Management - Narweena, led by Richard Durant, focuses on identifying market dislocations due to misunderstandings of long-term business prospects [2] - The firm aims for excess risk-adjusted returns by targeting businesses with secular growth opportunities in markets with barriers to entry [2] - Narweena's investment strategy is driven by the belief that an aging population and low growth will create new investment opportunities, while some industries may face stagnation or decline [2] - The firm emphasizes the increasing dominance of asset-light businesses and the declining need for infrastructure investments, leading to rising asset prices and compressed risk premia [2]