Elon Musk's Tesla has applied to test and eventually deploy its Robotaxi vehicles in Phoenix, Arizona, following in the footsteps of market leader Waymo.Tesla has applied to conduct autonomous vehicle testing and operations, with and without human safety drivers on board, in Arizona, a spokesperson for the Arizona Department of Transportation told CNBC on Thursday. A decision on the application is expected at the end of July, and Tesla has "expressed interest in operating within the Phoenix Metro area," the ...

Core Insights - Tesla's second-quarter 2025 production and delivery numbers showed a decline in both metrics, with production at 410,244 vehicles and deliveries at 384,122 units, a 13.4% decrease year over year, falling short of Wall Street's expectations [1][10] - The company is facing a demand problem, as evidenced by the decline in deliveries despite increased production and inventory levels [2][3] - Tesla's energy storage business is performing well, with deployments rising to 9.6 GWh, and the company expects at least 50% growth in this segment for 2025 [4][10] Production and Deliveries - Tesla produced 410,244 vehicles in Q2 2025, which is lower compared to the previous year [1] - Deliveries totaled 384,122 units, including 373,728 Model 3/Y and 10,394 other models, marking a 13.4% year-over-year decline [1][10] - Deliveries missed Wall Street's consensus estimate of 390,000 units [1] Demand Challenges - The decline in Tesla's deliveries is not reflective of an industry-wide trend, as competitors like General Motors and BYD have seen significant sales increases [3] - Tesla's brand image is suffering due to an aging model lineup and CEO Elon Musk's polarizing public persona [3] Energy Storage and Charging - Tesla's energy storage segment is thriving, with a 113% year-over-year increase in deployments last year, driven by expansion efforts [4] - The company deployed 9.6 GWh of energy storage in Q2 2025, slightly up from 9.4 GWh in the same quarter last year [4][10] - Tesla's Supercharger network, with over 70,000 stations globally, is a critical component of its ecosystem [5] Future Growth Prospects - Tesla is focusing on self-driving technology and has launched robotaxi services in Austin, aiming for this to be a significant revenue stream [6][10] - However, Tesla faces stiff competition in the autonomous vehicle space and must navigate regulatory hurdles and safety concerns [7] Valuation and Market Performance - Year-to-date, Tesla's shares have declined by 22%, underperforming compared to General Motors and BYD [8][10] - Tesla's price/sales ratio stands at a forward multiple of 9.64, significantly higher than its competitors, indicating a stretched valuation [12][15] - The Zacks Consensus Estimate predicts a year-over-year decline in Tesla's sales and earnings for 2025, with EPS estimates trending downward [16][19]

While we've had Full Self Driving (FSD) here in the states for years now, there are so many countries where people still haven't experienced it yet!Great conversation with David (@teslawelt) 🇩🇪 https://t.co/LcaXhocVaZ ...

Core Insights - Tesla, Inc. launched robotaxi services in Austin, TX, utilizing 10 to 20 Model Y vehicles equipped with the latest driverless technology and a human valet [1][9] - The launch faced challenges, including vehicles exceeding speed limits and making wrong turns, leading to a formal investigation by the U.S. National Highway Traffic Safety Administration (NHTSA) [2][4][9] - Following the launch, Tesla's stock initially rose by 8% but later retracted by approximately 2% due to emerging safety concerns [3] Company Performance - Tesla's CEO Elon Musk celebrated the launch despite the safety concerns, while NHTSA has not yet commented on vehicle performance under adverse visibility conditions [4] - Tesla currently holds a Zacks Rank of 5 (Strong Sell), indicating a negative outlook compared to other auto stocks [5] Competitor Analysis - Allison Transmission Holdings (ALSN) has a Zacks Rank of 1 (Strong Buy) with a current-year earnings estimate of $8.83 per share, reflecting a 6.26% year-over-year increase [6] - Luminar Technologies (LAZR) and Lucid Group (LCID) both hold a Zacks Rank of 2 (Buy), with Luminar's 2025 loss estimate improving by 53.57% year-over-year [7][8]

Robotaxi backing up in a parking lot with no driver as it’s starting off a drive. https://t.co/rkd2hb7Oc1 ...

Core Insights - Alphabet has shown significant growth since its IPO in 2004, becoming a key player in the tech industry and earning a place among the "Magnificent Seven" [1] - Many investors may be surprised by the extent of Alphabet's growth over the past 21 years due to infrequent examination of the stock [1] Growth Overview - An initial investment of $5,000 at a pre-split price of $85 per share would have resulted in 2,320 shares today, valued at approximately $410,000 [3] - The stock began paying dividends in mid-2024, adding over $2,300 to the total value, bringing it to around $412,300 [4] Revenue Breakdown - Alphabet's primary growth driver has been the digital advertising market, with advertising accounting for about 74% of the company's revenue as of Q1 2025 [4] - Google Cloud now contributes 14% to the company's revenue, indicating diversification beyond advertising [5] Future Growth Potential - Waymo, Alphabet's autonomous driving business, is valued at $45 billion and has the potential to become a significant revenue contributor as self-driving technology gains traction [5] - The continued rise of digital ad revenue at double-digit rates suggests that Alphabet's growth story is likely to persist [6]

Core Insights - Tesla has been one of the best-performing stocks over the last decade, with a nearly 2,000% increase, but has underperformed the Nasdaq 100 Index in the last three years, gaining only 40% compared to the index's 88% [1][2] - The company is facing significant challenges, including declining car volumes, shrinking margins, and increased competition, leading to doubts among investors [2][5] Financial Performance - Tesla's total EV deliveries fell 13% year-over-year to 337,000, with automotive sales down 20% and total income from operations down 66% year-over-year in the last quarter [4][5] - Over the past 12 months, Tesla's operating income was $7 billion, a 50% decline from its all-time highs [5] Market Position and Competition - Tesla's EV business is struggling, with declining demand trends in key markets such as China, Europe, and the United States, as well as falling used car prices [5] - The company is facing increasing competition in the EV market, which is impacting its market share and profitability [14] Future Prospects - Tesla is attempting to pivot towards a self-driving taxi network, but the technology has yet to be proven effective, and previous promises regarding autonomous driving have not materialized [8][10] - The company is competing against established players like Waymo, which already operates a successful self-driving taxi network [11] Valuation Concerns - Tesla's current market cap is around $1 trillion, with a price-to-earnings (P/E) ratio of 178, indicating that the stock is overvalued given the current decline in earnings [14] - Analysts suggest that buying Tesla stock may not be a wise decision this year due to its overvaluation and significant downside risks [15]

Tesla is planning to start its robo taxi pilot in Austin this month with CEO Elon Musk setting a tentative start date of June 22nd. Auto safety experts and anti-musk activists have concerns about the company's approach though, especially given a history of injuries and some fatal collisions while owners were using Tesla's partially automated driving systems. Protesters with the Dawn Project, Tesla Takedown, and Resist Austin held a demonstration against Tesla on June 12th in Austin.A spokesperson for the Da ...

Core Insights - Tesla's robotaxi service is set to launch on June 22, with CEO Elon Musk sharing a video of a driverless Model Y navigating Austin streets, generating excitement among investors [1][2][4] - The initial rollout will involve 10-20 Model Y SUVs in Austin, with remote human supervision to ensure safety [3][9] - Tesla's entry into the robotaxi market comes as competitors like Alphabet's Waymo and Baidu's Apollo Go have already established significant operations [6][7] Group 1: Launch Details - Tesla plans to start public rides with its robotaxis on June 22, marking the first fully self-driving rides offered to customers [2][9] - The first trip from the Tesla factory to a customer's house is scheduled for June 28, coinciding with Musk's birthday [2] - Safety is emphasized as a top priority, with the possibility of timeline adjustments if necessary [2][5] Group 2: Competitive Landscape - Alphabet's Waymo operates commercial robotaxi services in four U.S. cities, providing over 250,000 paid rides per week and has committed $5 billion to further develop its services [6] - Baidu's Apollo Go operates over 400 robotaxis in China and plans to expand into Europe and Turkey by the end of 2025 [7] Group 3: Financial Performance - Tesla shares have declined approximately 19% year to date, compared to a 22% decline in the broader industry [8] - The company trades at a forward price-to-sales ratio of 10.02, significantly higher than the industry average and its own five-year average [11]

ToplineShares of Tesla dropped by 15% on Thursday as the relationship between Elon Musk and President Donald Trump’s appeared to unravel, with Musk launching attacks at the president on X and Trump suggesting to reporters at the White House criticism of his signature bill from the world’s wealthiest person amounts to “Trump derangement syndrome.”Musk has called to “kill” Trump’s policy bill, criticizing the legislation as “massive, outrageous” ... More and “pork-filled.”AFP via Getty ImagesKey FactsTesla’s ...