Tesla(US:TSLA) Ge Long Hui A P P·2025-12-18 02:18Core Viewpoint - Tesla's automotive business has been significantly downplayed, with its per-share value estimated at only $30 to $40, according to William Blair's energy research head, Jed Dorsheimer [1] Group 1: Automotive Business Valuation - The current stock price reflects a bet on unrealized future potential, as the market has shifted focus from electric vehicle delivery volumes to advancements in robotics and AI [1] - Dorsheimer suggests that the value of Tesla's autonomous driving now accounts for over 70% of the company's overall value, including the long-term commitments to the Robotaxi platform and the humanoid robot Optimus [1] Group 2: Energy Business Growth - The growth of Tesla's energy business is notable, with its value now comparable to that of the automotive business, and possibly even higher [1] - From a sum-of-parts perspective, if the market's high expectations for autonomous driving software and energy storage are excluded, the core electric vehicle business appears significantly overvalued at current stock prices [1] Group 3: Future Profit Potential - Dorsheimer remains optimistic about Tesla's long-term energy strategy, highlighting that the energy business is a future profit engine that the market has yet to fully appreciate [1]