Wow, thumbs up. >> At California State University, Northridge, students are working to perfect the art of robotics. >> Pointing to something peace sign.>> That is incredible. >> All the way down to the joints and ligaments. >> It has these supports, these fibers that we have in our human hand.>> Creating arms with one model after another inching closer to full mobility. But most surprising of all, they're given prosthetics a hand by making the most of our toes. Doing all this with with just your toes. >> Ju ...

Tesla makes robots on wheels. Those same engineers are working on Optimus now. https://t.co/Kop1YUohww ...

"Optimus will be an incredible surgeon. Our goal is to make Optimus as safe as possible."Elon Musk https://t.co/DYF9WOIlHA ...

Core Insights - Tesla's margin erosion reflects a shift in its business model, relying on pricing incentives to drive volume as the $7,500 U.S. EV tax credit expired [1][2] - The company reported a net income drop of approximately 37% year-over-year to $1.4 billion, with gross margin at around 18%, down from nearly 19.8% a year ago [4][5] - Tesla's automotive gross margin, excluding regulatory credits, was around 15.4%, indicating sliding core profitability despite increased vehicle sales [7][10] Financial Performance - Tesla achieved $28.1 billion in revenue, a 12% increase from the previous year, and delivered 497,099 vehicles, the highest in its history [5] - Adjusted EPS was $0.50, missing the expected $0.55, while operating expenses surged by 50% due to investments in software and next-gen manufacturing [3][4] - Free cash flow reached a record $4 billion, with $41.6 billion in cash and investments at the end of the quarter [5] Production and Deliveries - Production totaled approximately 447,450 units, resulting in a 50,000-car gap between output and deliveries, the widest since early 2023 [1] - Deliveries increased by 33% in China and 28% in North America, although some growth was attributed to the expiring tax credits [8] Strategic Initiatives - Tesla plans substantial capital expenditure increases in 2026 to fund AI and robotics expansion, indicating a long-term focus despite near-term margin pressures [2] - The company is advancing its AI initiatives, with Musk stating that Tesla has reached a "critical inflection point" in integrating AI into its operations [13] Energy Segment - Energy generation and storage revenue climbed 44% to $3.42 billion, with gross profit hitting a record $1.1 billion, showcasing the potential of Tesla's energy segment [21][22] - The company is positioning its energy products as critical to national infrastructure, with expectations for continued growth despite competitive pressures [19][22] Future Outlook - Musk emphasized the importance of scaling AI and robotics, with plans for a robotaxi rollout and the development of a humanoid robot, Optimus [14][17] - The company is navigating a complex landscape of margin compression and operational challenges while pursuing ambitious long-term goals [23][24]

Core Business Valuation - The core automotive and energy business of the company is valued at approximately $150 per share based on projected earnings of $2 and a high earnings multiple of 75 [2] - The stock price also reflects significant potential from new products, particularly in robotics and full self-driving technology, which could add about $300 per share in value [3] Strategic Focus - There are concerns regarding the company's focus on future products rather than its highly profitable core EV business, which is considered to produce the best electric vehicles in the market [5][6] - The company is advised to prioritize selling cars in the near term to maintain profitability and improve its image during the transition to future technologies [6] Future Profitability - The timeline for profitability in the robotics sector is uncertain, and it is suggested that the company may take a long time to generate revenue from these new ventures [5] - The reliance on future product success, particularly from robotics, raises questions about the sustainability of the current business model without strong performance from the core EV segment [4]

By Akash Sriram and Abhirup Roy (Reuters) -Tesla reported record third-quarter revenue that beat Wall Street estimates on Wednesday, driven by the highest quarterly sales of its electric vehicles as U.S. buyers rushed to lock in a key tax credit ahead of its expiry last month. However, Tesla's profit failed to live up to analysts' expectations, in part due to tariff and research costs, as well as a drop in income from regulatory credits that are expected to continue to fade away with recent legislation p ...

Core Insights - Tesla is set to report earnings, with analysts keenly awaiting insights from Elon Musk during the conference call [1][4] - The company has seen its shares rise 100% over the past year, but there are concerns about future performance despite strong current sales [2][4] Financial Performance - Analysts expect Tesla's third-quarter earnings per share (EPS) to fall approximately 25% year-over-year to 53 cents, while revenue is projected to increase by about 5% to $26.45 billion [5] - Adjusted earnings are anticipated to be around $1.9 billion, significantly lower than the $2.5 billion reported a year ago, indicating potential headwinds [5][6] Market Dynamics - Record deliveries of nearly 500,000 cars in the third quarter were supported by the now-expired $7,500 EV tax credit, which has contributed to reduced EV inventories and improved margins [6][8] - There is an expectation of a decline in sales in the fourth quarter due to a pull-forward effect from the end of the tax credits [7][9] Regulatory Environment - The elimination of the zero-emission vehicle credit and corporate average fuel economy fines has raised concerns, as these credits have generated $11 billion for Tesla since 2019, accounting for about 16% of its total gross profits last year [8][9] - Investors will be closely monitoring the impact of these regulatory changes on Tesla's financials and future guidance [9] Strategic Focus - The earnings call will likely address Tesla's future direction, including developments in autonomous driving technology and the energy business, as the company aims to position itself as more than just a car manufacturer [10][12] - The performance of Tesla's robotics initiatives, particularly the Optimus project, will also be a key topic of discussion [10]

Core Insights - Cathie Wood's investment strategy involves adjusting positions based on stock performance, leading to significant gains during market rallies, particularly in tech stocks [1][2] - The Ark Innovation ETF has shown a year-to-date increase of 54% as of October 21, significantly outperforming the S&P 500's 14.5% gain [2] - Despite a remarkable return of 153% in 2020, the Ark Innovation ETF has faced volatility, resulting in a five-year annualized return of negative 1.8% compared to the S&P 500's 16.1% [3] Fund Performance - The Ark funds experienced a rally in early 2021 due to investor optimism regarding potential deregulation under the Trump administration, but faced declines in March and April due to macroeconomic concerns [2] - As of October 20, the Ark Innovation ETF saw net outflows of approximately $1.44 billion over five days, indicating investor caution [4] Investment Strategy - Wood's strategy focuses on investing in emerging high-tech companies in sectors like AI, blockchain, and robotics, which are believed to have the potential for significant long-term returns despite their inherent volatility [4][5] - Over the past decade, the Ark Innovation ETF has reportedly wiped out $7 billion in investor wealth, ranking as the third-biggest wealth destroyer among mutual funds and ETFs [6] Market Outlook - Wood remains optimistic about the market, having dismissed recession predictions and maintaining a positive outlook for tech stocks in a letter to investors [7]

Future Prospects - Tesla is considered an easy long-term investment [1] - The company is involved in robotics, AI, and Robo Taxis [1] - Tesla is positioned as "the future of everything company" [1] Market Prediction - Polymarket projects Tesla to significantly exceed earnings expectations [1] - Polymarket estimates an 80% chance of Tesla surpassing earnings expectations [1]

Intuitive Surgical - Intuitive Surgical's stock has seen a significant rally, with shares jumping more than 17% following strong earnings results [2][3] - The company reported earnings of $240 per share and revenue exceeding $2.5 billion, marking a year-over-year sales increase of over 20% [2] - The Da Vinci robotic system continues to gain traction, with procedures expected to increase by 17% to 17.5% this year, up from a previous estimate of 12% to 17% [4][3] - Intuitive Surgical has installed over 400 new systems this year, a substantial increase from 110 installations last year [5] Capital One - Capital One's shares rose by more than 4% after reporting adjusted EPS of $5.95, significantly exceeding expectations [7] - Revenue for the quarter was reported at $15.3 billion, also better than anticipated, driven by stronger lending income and a decrease in customer delinquencies [8] - The integration of the Discover business is progressing well, with integration expenses reduced to approximately $0.41 per share [10] GE Vernova - GE Vernova reported revenue of nearly $10 billion, a significant increase from the previous year, driven by strong demand for power and grid infrastructure [12][13] - Although adjusted EPS missed expectations at $1.64, EBITDA exceeded forecasts, indicating a positive outlook for the company [12] - Orders for GE Vernova surged by 55%, marking the largest gain since its spin-off from GE [13] Beyond Meat - Beyond Meat's stock has surged nearly 50% and is now considered a meme stock, with a 200% increase over four days due to its availability in Walmart [14]