Musk Is Biggest Asset for Tesla, Wedbush’s Ives Says

Financial Performance - Revenue decreased by 12% [1] - Vehicle deliveries decreased [1] - Average selling price decreased [1] Autonomous Robotics & AI Focus - The company views autonomous robotics as the future, potentially leading to a $1 trillion valuation for Tesla [1] - The company believes 90% of the future value lies in the AI story, not car deliveries [7] - The company is focusing on robotaxi development and volume production of Optimus [6] - The company's shareholder meeting will involve significant AI investment [7] Strategy & Future Outlook - The company is shifting focus from near-term deliveries and EV tax credits to autonomous robotics [4] - The company is expediting production of other vehicles and putting the affordable vehicle on hold [5] - The company needs to give Musk 25% voting power [9] Potential Risks & Challenges - The call received criticism for promising too much [3] - The affordable next vehicle may be a stripped-down version [6] - There was ambiguity regarding the crossover between Tesla and xAI investments [8] - The president may not support federal agencies contracting with Elon Musk's AI company [10][11]