Tesla(US:TSLA) 电动车公社·2025-10-24 16:00Core Viewpoint - Tesla is facing unprecedented challenges despite being a leader in the electric vehicle market, with concerns about its profitability and future direction as it shifts focus from electric vehicles to AI and robotics [7][15][30]. Financial Performance - In Q3 2024, Tesla reported revenues of $28.1 billion, a 12% year-over-year increase, but net profit decreased by 29% to $1.77 billion [7][9]. - The operating profit fell by 40% to $1.62 billion, indicating a significant decline in profitability despite revenue growth [7][9]. - Tesla's gross margin has dropped to 16.8%, ranking it 16th among automakers, a stark contrast to its previous high of 30% in 2021 [10][12]. Market Position and Competition - Tesla's market share is being challenged by competitors like BYD, which has surpassed Tesla in revenue and pure electric vehicle sales [13][24]. - The company is responding to market pressures by introducing lower-priced models in North America and expanding its product offerings in China and Europe [16][20]. Strategic Shift - Elon Musk emphasizes that Tesla is transitioning from being merely an automaker to a technology company focused on AI and robotics, with plans for autonomous vehicles and humanoid robots as key future products [30][41]. - The upcoming AI 5 chip is expected to significantly enhance Tesla's capabilities in AI and autonomous driving, with a projected 40-fold improvement in certain scenarios compared to the current AI 4 chip [54][56]. Future Outlook - Tesla's long-term vision includes developing tools and products that promote societal progress and sustainability, moving beyond just electric vehicles [48][50]. - The company aims to launch its Cybercab and humanoid robots by 2026, which are seen as pivotal for its future growth and market position [59][60].