William Blair's Dorsheimer: Tesla investors want to see Musk innovate, Samsung deal supports that

Tesla's Valuation & Future Opportunities - Tesla's valuation heavily relies on "moonshot" businesses like robo taxi and humanoid robots, representing significant innovation potential [1][3] - Investors are keenly observing Elon Musk's innovative endeavors, viewing them as crucial for Tesla's long-term value [3] - The Samsung deal is a positive development, potentially accelerating the commercialization of these future businesses [2] Auto Business & Financials - William Blair downgraded Tesla due to the worsening auto business, despite positive news in other areas [6] - The removal of regulatory fines resulted in nearly $3 billion of pure margin becoming worthless, posing a challenge to the auto business [6] - The $7,500 tax credit impact on vehicle prices was absorbed by the stock, but the loss of regulatory credits compounded the financial strain [6] - The core business, primarily auto and energy, faces a widening gap with future opportunities that are still in early stages and require scaling [7]