It was about earlier in the week that we saw Jim Farley, CEO of Ford, saying the EV market in the U.S. is going to slump by half because of the policies currently being enacted here. And meanwhile, we see Tesla jump, but because of that EV tax credit expiry potentially. What is the forward looking analysis of yours for U.S. sales for Tesla.Yeah, definitely. We knew Q3 was going to be a record quarter, right. Driven by policy.Right. Everyone created a sense of urgency, whether it was dealers, OEMs and so con ...

Financial Data and Key Metrics Changes - Revenue for FY 2025 reached $354.7 million, an increase of 22.1% compared to the prior year [11][14] - EBITDA was $46.4 million, up 19.3% year-over-year [12][18] - EBIT increased to $39.2 million, reflecting an 18.4% growth [12] - Net profit rose to $26.2 million, a 17% increase from the previous year [12] - Earnings per share (EPS) was 25.3 cents, up 8.6% compared to the prior year [12][19] - Operating cash flow improved significantly to $52.7 million, up from $35.5 million in FY 2024 [12][22] - The company reported a net cash position of $9.8 million as of June 30, 2025, up from a net debt position of $8.8 million the previous year [21][23] Business Line Data and Key Metrics Changes - The core traditional IPD business grew by 5.2% year-over-year, driven by strength in infrastructure sectors [14][15] - CMI Minto plugs and receptacles revenue increased by 6.4% [15] - EX Engineering also saw a revenue increase of 5.2% [15] - Data center revenues surged by 33%, now representing 16% of total revenue [13][15] Market Data and Key Metrics Changes - The Australian data center market is experiencing significant growth, expected to double by 2030 with over $26 billion in investments [34][36] - The EV market is projected to grow substantially, with a target of a fourfold increase in the fleet by 2027 [39][40] Company Strategy and Development Direction - The company aims to enhance infrastructure through energy efficiency, automation, and secure connectivity [3] - Strategic focus includes both organic growth through market expansion and inorganic growth via acquisitions [64] - The company is positioned to capitalize on the electrification of the economy and the industrial Internet of Things [27][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continuing to grow at twice the market rate, despite some subdued market conditions [73][74] - There are positive signs in the commercial construction sector, which is expected to support strong results in the coming year [26] - The company anticipates a 25% growth in data center revenues over the next twelve months, supported by a strong order book [82] Other Important Information - The company declared a fully franked dividend of 6.2 cents per share, with total dividends for FY 2025 at 12.6 cents, representing a 50% payout ratio [24][25] - The company has expanded its operational footprint with new offices in Brisbane and Melbourne [22] Q&A Session Summary Question: What is the current outlook on market growth versus your growth for the next twelve months to three years? - Management expects to continue growing at twice the market rate, estimating market growth at around 3% and aiming for 5-6% growth [73][74] Question: What are your thoughts on M&A strategy? - The M&A strategy focuses on adjacent spaces to the current portfolio, with ongoing conversations about potential acquisitions [75][76] Question: What are your expectations in the data center space over the next twelve months? - Management anticipates a further 25% growth in data centers, supported by a strong quotation pipeline [82] Question: How are you thinking about prices across your product portfolio over the next twelve months? - A price increase of approximately 4% is expected in February, driven by inflationary pressures and increased operational costs [85]

Financial Performance - Tesla's Q2 revenue was $225 billion, missing the estimated $2264 billion, representing a 9% decrease compared to the $2505 billion reported a year ago [1] - Tesla posted an EPS of 40 cents, falling short of the expected 42 cents, with operating income at $923 million, also below the anticipated $123 billion [1] - Without regulatory credits, Tesla is essentially cash flow break-even, and these credits are expected to decline [32] Market Trends and Competition - The EV market is growing at a double-digit rate globally, while Tesla is experiencing double-digit declines in sales and profit [3] - Competition has caught up with Tesla, with new models and products being announced every month from American, European, Chinese, and Korean manufacturers [5][6] - China has made incredible progress in the EV market, gaining an edge in hardware, software, charging infrastructure, battery technology, and manufacturing [8][9] - Chipotle's same-store sales growth declined by 4%, lower than the expected 29% decline, with foot traffic down 49% versus the expected 44% decline [24][25] Future Outlook and Product Development - Tesla's more affordable model is still slated for the second half of 2025 production [2][14] - Tesla is conducting first builds of its more affordable model in June with volume production planned for the second half of 2025 [14] - The Cyber Cab, a vehicle without pedals or wheels, is still slated for production in 2026, pending regulatory approval [15][16] - Tesla needs an affordable, low-cost small vehicle to be competitive globally [35] Leadership and Strategy - Elon Musk's return to full-time focus at Tesla is seen as the best thing for the company, especially in creating visions, strategies, and focusing on product development [10][11][41] - Elon Musk's public behavior and political opinions are negatively impacting Tesla's image and sales [37][38][44][45] - A potential combination of Tesla and XAI is anticipated, with Tesla potentially overpaying for XAI [46][47][48]

Financial Projections - Canaccord Genuity's George Gianarikas表示，特斯拉的股票受到Robotaxi的乐观情绪驱动 [1] - 预计到2027年，每股收益（EPS）将达到9美元 [1] - 预计到2030年，Robotaxis + Optimus将有巨大的发展 [1] Market Dynamics - 电动汽车市场面临困境，税收抵免逐步取消 [1] - 更便宜的电动汽车即将上市 [1] Company Focus - 特斯拉对Robotaxis + Optimus进行了大笔投资 [1] - 特斯拉的长期上涨潜力巨大 [1]

Market Share - Tesla dominates the EV market in Italy with a 214% market share, over three times more than any rival [1] Sales Performance - Model Y leads with 902 sales, followed by Model 3 with 793 sales [1] Brand Ranking - Tesla is the number one brand in Italy for June 2025 [1] Model Ranking - Tesla Model Y is the number one model in Italy for June 2025 [1]

Market Share - Tesla leads Switzerland's EV market with 173% market share in June [1] - Tesla's market share is far ahead of any rival in Switzerland [1] Sales Performance - Model Y achieves 689 sales, ranking 1 overall in Switzerland [1] - Tesla secures both top brand and top model titles in Switzerland [1]

Core Viewpoint - Nio's Q1 2025 earnings report missed analyst expectations, leading to a decline in stock price and raising concerns about future performance [1][5]. Financial Performance - Nio reported Q1 2025 revenue of $1.66 billion, a 21.5% increase from $1.37 billion in the same quarter last year, driven by an 18.6% rise in vehicle sales and a 37.2% increase in other revenue streams [3]. - The revenue fell short of the consensus estimate of $1.73 billion by approximately 4% [3]. - The company posted an adjusted loss per share of $0.41, wider than the expected loss of $0.35, representing a 24.2% year-over-year decline [4]. Future Outlook - Nio provided a positive Q2 2025 outlook, projecting vehicle deliveries between 72,000 and 75,000 units, which represents a year-over-year increase of 25.5% to 30.7% [4]. - Analysts remain optimistic, with a consensus price target of $5.07 for Nio over the next 12 months, indicating nearly 50% upside from current levels [6]. - Morgan Stanley reaffirmed its 'Overweight' rating on Nio, maintaining a price target of $5.90, citing optimism around Q2 volume recovery and improving cash flow [8]. Market Dynamics - Morgan Stanley anticipates a 20% average selling price (ASP) decline through 2025, partially offset by rising sales of the lower-cost Firefly model [9]. - The positive outlook is contingent on Nio's ability to meet Q2 delivery goals and enhance operational efficiency in a challenging EV market [10].

Financial Data and Key Metrics Changes - Q1 2025 revenue was €37.6 million, meeting guidance but down 13% year over year and almost flat compared to the previous quarter [6][29] - Gross margin improved to 38.1%, within the guided range of 37% to 39%, reflecting a 634 basis point improvement from the last quarter [9][30] - Adjusted EBITDA loss for Q1 2025 was €7.8 million, the best result since becoming a public company, representing a 42% improvement year over year [12][32] - Labor costs and operating expenses decreased by 13% quarter over quarter and 23% year over year [11][30] Business Line Data and Key Metrics Changes - AC sales in Europe were down 14% year over year, while North America saw a 142% year over year growth, contributing €11.4 million or 30% of total revenue [15][14] - DC fast charging sales increased by 41% compared to the previous quarter, with over 36,000 AC units and more than 100 DC units delivered in Q1 [8][30] - Software and services generated €8 million in revenue, representing 21% of total revenue and a 60% increase year over year [20] Market Data and Key Metrics Changes - The European EV market showed solid growth of 21% year over year, contributing €25.5 million or 68% of total revenue [13] - North America contributed €11.4 million, with significant growth driven by AC and DC charger sales [14] - APAC and LATAM regions contributed approximately €600,000 and €480,000 respectively, indicating potential for future growth [15] Company Strategy and Development Direction - The company is focused on cost savings and expanding sales, leveraging a newly implemented business unit structure to improve efficiency [11][12] - There is a commitment to rightsizing the organization and expanding gross margins while stabilizing sales and building a strong backlog [12][27] - The company aims to become a global leader in recharging energy management solutions, with a focus on optimizing existing platforms and partnerships [37] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about stabilizing sales and building a strong backlog, despite a volatile macro environment impacting the automotive supply chain [27][38] - The company remains cautious about the impact of tariffs and economic uncertainty on the EV market, while believing in the long-term growth potential of EVs [26][27] - Future guidance for Q2 2025 includes expected revenue in the range of €37 million to €39 million and a gross margin between 37% and 39% [38] Other Important Information - The company has surpassed 100,000 chargers produced in Arlington, Texas, enhancing its production flexibility and supporting local job growth [28] - The partnership with Nissan for a home EV charging program in Canada is expected to simplify the charging journey for EV owners [17] Q&A Session Summary Question: Thoughts on ABL integration and industry consolidation opportunities - Management reported successful integration with ABL, achieving significant synergies and operational efficiency improvements, with a focus on cross-selling products across Europe [41][43] Question: Additional traction for Quasar beyond Kia - Management indicated ongoing efforts to drive demand for Quasar in Europe, with expectations for new partnerships and customer interest following recent events [51][52] Question: Competitive landscape and market opportunities - Management highlighted the competitive advantage in the US market due to local manufacturing and a focus on delivering comprehensive solutions, while noting challenges faced by competitors [56][58] Question: Expectations for product mix and its impact on margins - Management discussed the current gross margins for fast charging and home/business segments, emphasizing a strategy to reduce inventory and improve operational efficiency [65][66]