Shares of Tesla (TSLA -0.08%) soared to a record high of $479 at the end of 2024, shortly after President Trump won the election. Investors were optimistic about the possibility of friendlier regulations that could help Tesla fast-track its autonomous driving and robotics platforms. They could add trillions of dollars to the company's valuation, according to some Wall Street analysts and CEO Elon Musk.But the stock has since plummeted 53% from its all-time high. The company still draws 79% of its revenue fr ...

Core Viewpoint - Tesla has received a limited license from California regulators to transport its employees in Tesla-owned vehicles, marking a step towards its goal of operating autonomous robotaxis, although it does not yet allow public ride-hailing services [1][2][4]. Group 1: Regulatory Developments - The California Public Utilities Commission (CPUC) has granted Tesla a permit that allows the transportation of employees on a prearranged basis, but does not authorize public rides in autonomous vehicles [2][9]. - Tesla must obtain additional approvals from both the CPUC and the California Department of Motor Vehicles (DMV) to legally operate autonomous taxis on public roads [12]. Group 2: Market Impact and Stock Performance - Following the announcement of the permit, Tesla's stock rose nearly 4%, although it has faced significant losses recently, with its value dropping by nearly 60% since mid-December, trading around $235 per share [3][7]. - Musk has expressed confidence that robot taxis could add trillions of dollars to Tesla's market valuation, despite the company's recent struggles [6][14]. Group 3: Competitive Landscape - Waymo remains the only company currently offering autonomous rides to the public in California, while Tesla is seen as a potential major contender in the autonomous vehicle industry [4][5]. - Tesla's competitor, Cruise, has faced regulatory challenges and has discontinued its robotaxi program after significant financial losses [5]. Group 4: Future Plans - Musk has indicated that Texas may be the first location for deploying Tesla's robot taxis, with a potential launch as early as June, due to more relaxed regulations compared to California [10]. - Waymo has already introduced its self-driving taxis to the public in Austin, indicating increasing competition in the autonomous vehicle sector [11].

Core Viewpoint - Tesla's stock has experienced significant volatility, dropping over 50% from its all-time high in December, returning to 2020 price levels [1][2] Group 1: Stock Performance and Market Sentiment - The recent decline in Tesla's stock is attributed to weak earnings, slowing demand, and concerns regarding Elon Musk's leadership [2][3] - Analysts have been reducing their price targets, with J.P. Morgan lowering its estimate to $120, indicating a potential further decline of 50% from current levels [4][5] - Market sentiment remains negative, with bearish analysts suggesting that the worst may not be over for Tesla [2][5] Group 2: Analyst Ratings and Price Targets - Despite the negative outlook, some analysts maintain bullish ratings, with price targets ranging from $320 to $550, suggesting an upside potential of over 150% [6][7] - Wedbush highlights Tesla's leadership in the affordable EV market and anticipates the release of a sub-$35,000 vehicle before summer, along with growth in autonomous driving and energy storage [8] Group 3: Technical Analysis - Tesla's stock is currently showing signs of being oversold, with a relative strength index (RSI) at 29, indicating a potential entry point for investors [9][10] - A bullish crossover in the MACD suggests a possible shift in momentum, although the extent of recovery remains uncertain [10] - Increased trading volume and bullish options activity indicate some investors are betting on a rebound [11] Group 4: Bear vs. Bull Case - The bearish case for Tesla includes weak earnings, delivery pressures, and a forecast of another 50% downside according to analysts like J.P. Morgan [12] - Conversely, bullish analysts argue that Tesla's long-term growth potential remains intact, with some price targets implying a significant recovery from current levels [12]

Tesla (TSLA -5.38%) stock is on a major losing streak. After falling for eight straight weeks, it is starting off another week deep in the red. At 12:12 p.m. ET, shares were near the lows of the session, down by 5.8%.The leading electric vehicle (EV) maker has now lost 50% of its value over the past three months. With all the negativity surrounding the name, investors might wonder if it's worth considering buying the dip.Analysts are piling on TeslaToday's drop comes after one Tesla bull just cut his firm's ...

Core Viewpoint - Tesla's stock has experienced a significant decline of approximately 39% year to date, raising questions about whether this presents a buying opportunity for investors [1] Group 1: Recent Performance - Tesla's automotive revenue fell by 6% year over year in 2024, resulting in total revenue growth of only 1% for the year [2] - Net income for the same period decreased by 53% year over year, while free cash flow declined by 18% [2] Group 2: Segment Performance - Despite overall struggles, Tesla's energy generation and storage segment saw a revenue increase of 67% year over year, with Q4 growth reaching 113% [3] - This energy segment, however, constitutes only about 10% of Tesla's total revenue, indicating that weaknesses in the automotive sector heavily impact the overall business [3] Group 3: Key Catalysts - Potential for a return to high growth rates exists, driven by factors such as a lower interest rate environment and new product launches [4] - The automotive business is sensitive to interest rates, and lower rates could enhance sales [5] - Upcoming product launches include a fleet of autonomous cars for ride-sharing in Austin, Texas, expected by summer 2025 [6] - Tesla plans to introduce a more affordable vehicle model in the first half of 2025, with multiple new vehicles anticipated in the pipeline [8] - Significant growth in energy storage production is expected in 2025, supported by a new factory completed late last year [9] Group 4: Valuation Considerations - Tesla's shares are currently trading at around $250, with a price-to-earnings ratio of 122, suggesting that the stock may be overpriced given the current market conditions [10] - A potential entry point for investment could be around $200, although this would still be considered high risk [10]

Core Insights - Tesla is facing significant challenges in 2025, including political backlash, declining sales, and a plummeting stock price [1][10][11] Political and Social Climate - President Donald Trump has publicly defended CEO Elon Musk amid calls to boycott Tesla, marking a shift from the company's initial optimism under Trump's administration [2][3] - Anti-Musk protests and vandalism incidents have surged, leading to discomfort among Cybertruck owners and prompting some to sell their vehicles [5][6][10] Financial Performance - Tesla's stock has dropped 48% since reaching an all-time high in December, with a nearly 40% decline since the start of 2025 [9][11] - Sales have significantly decreased in various markets, with a 71% drop in Australia and a 76% decline in Germany year over year [13] Market Position - Despite the challenges, Tesla maintains a leading market share in the US with an estimated 42% of total EV sales, although sales in January were down 11% year over year [14] - In China, Tesla's production decreased by 49% year over year, facing stiff competition from local manufacturers like BYD [15] Future Prospects - Tesla is preparing to launch two key products: a robotaxi service expected to launch in June and a "more affordable" vehicle aimed at increasing competitiveness [21][22] - Analysts emphasize the necessity for Tesla to start production of the affordable vehicle in the first half of the year to regain market traction [23]

Core Insights - Tesla has significantly increased its autonomous testing capabilities in California, registering 224 test drivers and 104 vehicles for an autonomous testing permit, a notable rise from 59 drivers and 14 vehicles in 2022 [1][11] - The urgency for Tesla to launch its Robotaxi service by the end of the year is heightened as the company's stock has dropped over 40% year-to-date due to disappointing sales and Elon Musk's controversial role in government [2][8] - The permit allows Tesla to conduct level 3 testing, which involves greater control by the autonomous driving software, although a licensed driver must still monitor the vehicle [3][10] Testing and Regulations - Tesla has not reported using its autonomous testing permit since 2019, despite the requirement to report usage annually [4][11] - The company submitted its registration paperwork in December, with the permit valid for 2025 and 2026, and can be renewed every two years [5] - The California DMV has questioned whether Tesla's testing aligns with the state permit requirements after reports of test drivers pushing the software to its limits [5][6] Market Position and Future Plans - Elon Musk has reiterated plans to roll out robotaxis in select California cities by year-end, with a permit filed for operating an autonomous ride-hailing service [7] - Analysts have expressed concern over Tesla's declining stock value, attributing much of the company's worth to its self-driving technology and humanoid robot initiatives [8][10] - Tesla is actively hiring test drivers across the U.S., indicating a push to enhance its autonomous testing capabilities [12] Local Engagement - In Austin, Tesla has engaged with the city's autonomous vehicle taskforce to discuss robotaxi training for local emergency responders, highlighting a proactive approach to local regulations [13]

Core Viewpoint - Tesla's stock has experienced a significant decline, dropping 15% in a single trading session and 51% from its December peak, resulting in over $700 billion in lost market value [1][2]. Company Performance - Tesla reported disappointing financial results for 2024, with a 2% increase in sales to $27.5 billion, the first decline in annual deliveries in its history, and a 200 basis point drop in operating margin [4]. - The company has missed Wall Street's consensus earnings estimate in five of the last six quarters, indicating ongoing challenges [4]. Market Dynamics - Consumer demand for Tesla vehicles has weakened, leading to a loss of market share in the U.S., Europe, and China [5]. - Despite these challenges, Tesla remains the leader in electric-car sales and is the only company capable of producing profitable electric vehicles [6]. Future Opportunities - Tesla is planning to launch an autonomous ride-sharing service (robotaxis) in Austin, with a projected addressable market of $10 trillion by 2030, potentially increasing gross margins significantly [7]. - Estimates suggest that Tesla could have 900,000 robotaxis on the road by 2035, contributing $17 billion in profits, with projections of growth to 7.5 million robotaxis by 2040, adding $120 billion to net income [8]. Analyst Perspectives - Hedge fund manager Ron Baron believes each robotaxi could generate between $30,000 and $50,000 in annual profits, leading to substantial net income contributions from a fleet of robotaxis [9]. - Analysts expect Tesla's adjusted earnings to grow at 24% annually through 2026, with some estimates suggesting a 35% annual growth rate through 2030, which could make current valuations appear more reasonable in hindsight [12][13].

Tesla stock (NASDAQ: TSLA) is experiencing a sharp correction. Although both retail investors and analysts were bullish in the closing months of 2024, owing to Chief Executive Officer (CEO) Elon Musk’s close relationship with Donald Trump and a promising quarterly report in Q3 2024, those hopes have failed to materialize.The carmaker’s latest earnings report, covering Q4 2024, was a dud — both earnings per share (EPS) and revenues missed estimates. With some $0.6 billion in unrealized gains from Bitcoin (BT ...

Financial Data and Key Metrics Changes - In Q4 2024, the company achieved a net profit of RMB 80 million, marking it as the second profit-making company among EV startups [7] - Total revenue for 2024 was RMB 32.16 billion, up by 92% from 2023 [8] - The gross profit (GP) margin for 2024 was 8.4%, an increase of 7.9 percentage points from 0.5% in 2023 [9] - The attributable net loss was reduced to RMB 2.82 billion from RMB 4.22 billion in 2023, a decrease of RMB 1.4 billion [9] - Operating net cash improved to RMB 2.47 billion from RMB 1.08 billion in 2023 [10] - Free cash flow increased to RMB 6.32 billion from a negative RMB 0.32 billion [10] Business Line Data and Key Metrics Changes - The company delivered 32,724 vehicles in 2024, a growth of 103.8% compared to 14,400 in 2023 [8] - C series deliveries in 2024 were 22,571, representing a 12.9% improvement from 2023 [11] - Monthly sales in Q4 exceeded 8,000 vehicles [12] Market Data and Key Metrics Changes - The company has captured a top five position in respective markets, with significant growth in sales and market presence [14] - As of December 2024, the company had accumulated over 600,000 vehicle deliveries [11] Company Strategy and Development Direction - The company plans to launch the B series models in 2025, targeting a sales goal of 500,000 units by 2025 [13] - The company is focusing on expanding its retail network, with 695 stores covering 264 cities, an increase of 82 cities from 2023 [17] - A joint venture with Stellantis was formed to manage export sales and localized production overseas [20] Management's Comments on Operating Environment and Future Outlook - Management expects deliveries in 2025 to range from 500,000 to 600,000 units, with a GP margin target of 10% to 11% [25] - The company aims to achieve profitability in 2025 [26] - Management highlighted the importance of in-house R&D and cost improvements contributing to GP margin growth [30][31] Other Important Information - The company has been rated AA by MSCI for two consecutive years, leading its peers in sustainable development [22] - The Leap 3.5 architecture was launched, enhancing the company's technological capabilities [60] Q&A Session Summary Question: Guidance for 2025 including sales, GP margin, and profitability - The company expects deliveries in 2025 to be between 500,000 to 600,000 units, with a GP margin target of 10% to 11% and aims for profitability [25][26] Question: Model planning for 2025 - The company will launch three new models on the B platform in 2025, with facelifts for existing C series models [26][27] Question: Capacity and demand for additional capacity - The company plans to add factory capacity to meet production improvements [27] Question: Contribution of in-house R&D to GP margin - The improvement in GP margin is attributed to increased sales volume, model mix, and in-house production [30][31] Question: Overseas sales guidance and expansion - The company estimates overseas sales in 2025 to be around 50,000 to 60,000 units, with a focus on expanding sales channels [44] Question: Timing for new products above 200,000 yuan - The high-end platform D products are expected to launch in the first half of 2026 [38] Question: Autonomous driving product layout - The company is preparing to roll out autonomous driving technology across its platforms [39] Question: Profit guidance for overseas business in 2025 - The target for Leapmotor International is to break even while focusing on expanding sales channels [41] Question: Breakdown of export units in 2024 - The current product mix for exports includes T03 and C1O, with T03 being more prevalent at this stage [69] Question: Investment in autonomous driving - The company plans to invest over RMB 800 million in autonomous driving development in 2025 [73]