Tesla(US:TSLA) 智通财经网·2025-07-24 02:31Core Viewpoint - Tesla is facing challenges in the upcoming quarters due to sudden changes in EV tax credit policies and increased tariff costs, but remains confident in its future growth, particularly in autonomous driving and humanoid robot sectors. Group 1: Financial Performance and Challenges - Tesla's CEO Elon Musk indicated that the company may experience "difficult quarters" in Q4, Q1, and possibly Q2 due to the impact of EV tax credit changes and tariffs [1] - CFO Vaibhav Taneja warned that the cancellation of the $7,500 EV tax credit will limit vehicle supply in the U.S. this quarter [3] - Regulatory credits revenue fell over 26% to $439 million in Q2, down from $595 million in Q1 and $890 million year-over-year [3] - Tariff costs have increased by approximately $300 million per quarter, with about two-thirds affecting the automotive business [3] Group 2: Autonomous Driving and RoboTaxi Expansion - Tesla successfully launched its first RoboTaxi service in Austin, which has driven over 7,000 miles with positive customer feedback and no significant safety incidents [2] - The company aims to expand the RoboTaxi service to cover half of the U.S. population by the end of the year, with plans for rapid growth in service areas and vehicle numbers [2] - Musk expects the RoboTaxi fleet to grow significantly in a short time and to have a substantial financial impact by the end of next year [2][37] Group 3: Full Self-Driving (FSD) Adoption - FSD adoption in North America has increased by 25% since the launch of version 12 [4][55] - Vehicles using FSD are reported to be ten times safer than those not using it [4] - Despite the increase in adoption, many Tesla owners remain unaware of FSD's existence, with half never having tried the feature [4][51] Group 4: Humanoid Robot Development - The design of the third version of the Optimus humanoid robot is nearly complete, with prototypes expected by the end of the year and mass production starting early next year [5] - Musk aims to achieve an annual production target of 1 million units within five years [5][23] Group 5: Energy Business Growth - Tesla's energy business achieved its highest gross profit to date in Q2, driven by increasing demand for energy storage solutions [7] - The company plans to ramp up deployment in the second half of the year, with the first LFP battery manufacturing facility set to begin production by year-end [7]