Core Insights - Caterpillar Inc. has introduced AI-powered and autonomous innovations aimed at transforming heavy industry and enhancing infrastructure development [1] - The company is committed to investing $25 million over five years to support workforce development in advanced technologies [2][7] - Caterpillar's collaboration with NVIDIA aims to accelerate the integration of AI in industrial applications, enhancing production systems and safety [5] Group 1: AI and Technology Innovations - The introduction of the Cat AI Assistant consolidates Caterpillar's digital applications into a user-friendly interface, providing reliable data for decision-making at job sites [4] - Caterpillar is advancing Industrial AI, transitioning from concept to practical applications in various sectors, including construction and mining [3] - The company has invested $30 billion in research and development over the past 20 years, with plans to increase digital and technology investments by 2.5 times by 2030 [9] Group 2: Autonomous Equipment and Industry Leadership - Caterpillar is leveraging over 30 years of experience in autonomous mining equipment to revolutionize the construction industry with new autonomous machines [6] - The company showcased five autonomous machines designed for complex construction environments, emphasizing safety and reliability [6] Group 3: Workforce Development and Commitment - Caterpillar's CEO reaffirmed the importance of workforce development, pledging $25 million to launch a global innovation prize aimed at equipping workers with necessary skills for a digital future [7][8] - The initiative will focus on identifying and scaling solutions that support workers in adapting to new technologies [7]

Core Viewpoint - Oshkosh Corporation is showcasing advanced technologies at CES that enhance the capabilities of workers in various sectors, emphasizing the integration of autonomy, AI, connectivity, and electrification in their solutions [1] Group 1: Company Innovations - Oshkosh Corporation is recognized as a leading innovator in purpose-built vehicles, equipment, and services [1] - The company’s technologies are designed to support essential workers, including firefighters and airport ground crews, by improving operational efficiency [1] Group 2: Industry Impact - The showcased solutions aim to transform job sites, neighborhoods, and airports, indicating a significant shift towards smarter and more connected environments [1] - The integration of advanced technologies is positioned to empower those engaged in critical community services, highlighting the importance of innovation in public safety and infrastructure [1]

Core Insights - Caterpillar Inc. will showcase how Industrial AI and autonomy are transforming worksites at CES 2026, emphasizing innovation and technology integration [1][2] - CEO Joe Creed will discuss the company's legacy of innovation and how advanced technology enhances customer experience [2] - An expanded collaboration with NVIDIA will be announced to accelerate industry innovation during the keynote address [3] Company Overview - Caterpillar reported sales and revenues of $64.8 billion in 2024, positioning itself as the leading manufacturer in construction and mining equipment, as well as industrial engines [8] - The company operates through three primary segments: Construction Industries, Resource Industries, and Power & Energy, along with a Financial Products segment [8] Event Highlights - The keynote address will take place on January 7 at 9:00 a.m. PST, featuring discussions on AI and autonomous solutions [3] - The exhibit will include live demonstrations of AI applications in machinery, showcasing real-time guidance and smart fleet management [7] - An immersive Innovation Theater will present a vision of connected jobsites where AI enhances safety and productivity [7]

Company Performance - Tesla's EV deliveries totaled 1.64 million vehicles in 2025, marking a second consecutive annual decline and falling behind BYD, which delivered over 2.2 million EVs [1] - Fourth-quarter deliveries showed a significant year-over-year decline, indicating a slowdown in Tesla's core automotive business [1] Market Sentiment - Despite the decline in EV deliveries, investor focus has shifted towards expectations surrounding artificial intelligence and autonomy, valuing Tesla more as a future AI platform than as an EV manufacturer [2] - The disconnect between current vehicle fundamentals and investor sentiment suggests that Tesla's market valuation may be overly reliant on future technological advancements [3] Competitive Landscape - As government incentives diminish and competition intensifies, Tesla faces increasing challenges in maintaining its EV delivery numbers [3] - While Tesla's energy storage segment is growing, it remains small compared to the scale implied by the company's market valuation, raising concerns about the sustainability of its growth strategy [3]

Core Viewpoint - Investors are weighing the decline in vehicle deliveries against the record growth in energy storage and increasing focus on autonomy [1][2]. Group 1: Tesla's Performance - Tesla's stock closed at $438.07, down 2.6%, with a trading volume of 84.6 million shares, which is 2.4% above its three-month average [1]. - Q4 deliveries were reported at 418,227, representing a nearly 16% decline compared to the previous year, while full-year deliveries for 2025 decreased by 8.5% [4]. - Despite the drop in vehicle deliveries, Tesla's energy storage product deployment reached a record 14.2 gigawatt hours (GWh), with a year-over-year increase of nearly 50% in the energy segment [4]. Group 2: Market Context - The S&P 500 index increased by 0.19% to close at 6,859, while the Nasdaq Composite decreased by 0.03% to finish at 23,236 [3]. - Competitors in the automotive industry showed mixed results, with Ford Motor Company rising by 1.68% and General Motors falling by 0.42%, highlighting the competitive pressure in the EV market [3]. Group 3: Future Outlook - Investors are increasingly focusing on Tesla's energy segment and its advancements in autonomous vehicle and humanoid robot technologies, as emphasized by CEO Elon Musk [5]. - A full report on Q4 financial results and updates on robotaxis and robots is expected on January 28 [5].

Company Performance - Tesla fell short of delivery expectations with 418,227 deliveries, while analysts anticipated 440,907 [5] - The decline in deliveries is attributed to the expiration of a federal EV credit, which previously boosted sales [6] - The upcoming quarterly report is expected to provide insights into the company's transition from an energy firm to an autonomy company, focusing on its Robotaxi business and Optimus humanoid robot [7] Market Overview - The Nasdaq is up by 1.11%, while the Russell 2000 and S&P 500 have increased by 0.52% and 0.47% respectively, although the Dow has slightly declined by 0.04% [2] - The positive performance of the Nasdaq and S&P 500 is largely driven by technology stocks, particularly the "Mag7" [3] - The Russell 2000 is also showing interest in tech stocks, alongside industrials and materials [4] Market Expectations - Analysts have high expectations for the market in 2026, with many anticipating a fourth consecutive year of double-digit returns [8]

For the first time, Tesla has taken the unusual step of previewing its own delivery expectations ahead of its fourth-quarter results, a move that has raised eyebrows across Wall Street. In a post on its investor relations website, Tesla published what it called a “company-compiled delivery consensus,” putting global Q4 deliveries at 422,850 vehicles, a figure that would mark a 15% year-on-year decline. That estimate sits below Bloomberg’s broader consensus of around 445,000 units, which implies a milder 1 ...

Group 1: Tesla's Business Shift - Tesla's profit mix is increasingly driven by its energy segment, which has a gross margin of 31.4% and is growing rapidly, providing a buffer against declining automotive margins [3][4] - The analysis suggests that Tesla's premium valuation is more influenced by long-term potential in autonomy, energy, and AI infrastructure rather than current electric vehicle fundamentals [3] - The recommendation is to consider Tesla as a prudent buy, particularly during technical pullbacks, as the energy business leads profitability while the company invests in future technologies [4][7] Group 2: Rivian's Technical Analysis - Rivian's stock has increased approximately 65% from a mid-December base of around $12–13 to $21.38, but it now faces significant resistance levels at $22.83, $24.86, and $28.05 [5][6] - A decisive move above the first resistance level of $22.83 could lead to further gains, with $24.86 being a key psychological marker [5] - Traders are advised to look for entry points on dips near $20–21, with a stop-loss below $19, as failure to break through $22.83 could result in a decline back to the mid-teens [6][8] Group 3: Implications for EV Investors - The shift in Tesla's profitability towards energy and its investments in autonomy and AI present a long-term value proposition, while Rivian's near-term performance depends on overcoming resistance levels [7][8] - Investors are encouraged to monitor specific operating metrics for Tesla and price levels for Rivian to assess the momentum of each company's story [7] - The current market environment presents a choice for EV investors: Tesla's diversification offers resilience, while Rivian needs to demonstrate strength by converting resistance into support [8]

Core Viewpoint - Tesla is entering 2026 with significant momentum and critical questions regarding its execution in autonomy and robotics, following a stock rebound of approximately 21% after a 36% decline in Q1 2025 [1][21]. Group 1: Autonomy and Robotics - 2026 is anticipated to be a defining year for Tesla, with key milestones including the deployment of robo taxis in 30 cities without safety drivers and significant expansion of geo-fenced areas [2][3]. - The production of Cyber Cabs is expected to commence around April-May 2026, which will be crucial in demonstrating Tesla's capabilities in the autonomous vehicle sector [4][19]. - Tesla possesses more real-world driving data than any competitor, which is expected to provide a competitive advantage in scaling operations across the U.S. [5][4]. Group 2: Investment and Market Potential - The potential market for autonomy is estimated to be worth a trillion dollars, with a bullish scenario suggesting it could reach three trillion by late 2026 [7][8]. - Investors are looking for tangible evidence of progress in autonomy and robotics, with a focus on city-by-city performance and regulatory developments [10][9]. - The valuation of Tesla's energy storage business is currently not reflected in its stock price, but it could play a significant role in future valuations, especially with the growing demand for data center power [17][18]. Group 3: Risks and Challenges - The bare case for Tesla includes not meeting targets for autonomous vehicle deployment, regulatory challenges, and delays in production timelines, which could undermine investor confidence [19][21]. - The success of Tesla's strategy hinges on execution in 2026, with a need to demonstrate progress in autonomy and robotics to maintain investor support [20][21].

Whimos are up and running again in San Francisco after a Saturday blackout stopped the robo taxis in their tracks throughout the city. Dear Jabosa digging into what it means for the robo taxi roll out more broadly in today's tech check. Dearra, hey Kelly.So let me just show you. These are scenes from Saturday night in San Francisco. You might have seen them on social media or scenes just like this.So you essentially had Whimos stalled in intersections across lots of different streets backing up traffic acro ...