Tesla (TSLA) remained in focus on Thursday after the EV giant said it has secured a key Cybercab patent, reinforcing its commitment to innovation in autonomous vehicle technology. The announcement arrives amid significant challenges in the company’s core business, particularly in Europe where sales declined 37% last month, as Chinese rival BYD (BYDDY) continued to steal market share. More News from Barchart Still, Tesla stock has been a lucrative investment in recent months, currently up nearly 100% ver ...

Tesla has been approved to start testing autonomous vehicles with a safety monitor in Arizona, a key step as the company looks to expand its robotaxi efforts to cities and states outside of Austin https://t.co/YaJ4mZcEms ...

Group 1 - The company has established long-term and stable partnerships with numerous domestic and international automotive manufacturers [2] - The customer base primarily includes domestic independent brands, joint venture brands, and overseas clients [2] - The company's product matrix is continuously improving, with agile iterations and the introduction of more differentiated solutions, enhancing competitive advantages and expanding market opportunities [2]

When you're hearing the masterplan part for a using Optimus could really be 80% of revenue. Well, optimistic about, you know, creating like humanoid robots that could take billions of jobs on the planet. So as long as you remain vague on timeline and what the scenario looks like, yes, it's very easy to imagine that, you know, Tesla would be first like expanded in terms of valuation with like a successful robotaxi operation and then, of course, like a fleet of like hundreds of millions of humans in robots wo ...

Group 1: Financial Performance - In the first half of 2025, the company achieved sales of 197,000 vehicles, a year-on-year increase of 278% [1] - Total revenue reached 34.09 billion yuan, up 133% year-on-year, while single-vehicle revenue was 159,000 yuan, down 33% [1] - The gross margin improved to 16.5%, an increase of 3.0 percentage points year-on-year, with a net loss of 1.14 billion yuan, a reduction in loss by 1.51 billion yuan year-on-year [1] Group 2: Sales and Product Strategy - In Q2 2025, the company sold 103,000 vehicles, representing a year-on-year and quarter-on-quarter increase of 242% and 10%, respectively [1] - The MONA series' share of total sales decreased quarter-on-quarter, while the X9 and overseas sales proportions increased [1] - The company aims to deliver between 113,000 and 118,000 vehicles in Q3, indicating a new record, with expectations for improved gross margins and a potential return to profitability in a single quarter [1] Group 3: Strategic Partnerships and New Platforms - The company is expanding its range of electric and electronic architecture in collaboration with Volkswagen, enhancing technology service revenue and sustainability [2] - The introduction of the range-extended platform is expected to significantly increase sales across various models, marking a new growth point for the company [2] - The company plans to mass-produce robots and flying cars by 2026, which is a key area of focus [2] Group 4: Profit Forecast and Valuation - The company has adjusted its 2025 revenue forecast from 95.9 billion yuan to 81.4 billion yuan due to increased industry competition [3] - Revenue forecasts for 2026 and 2027 have been raised to 129.2 billion yuan and 166 billion yuan, respectively, driven by the range-extended platform's impact on sales [3] - The company maintains a "buy" rating with a target price-to-sales ratio of 1.6 for 2026, reflecting a potential upside of 26% from current levels [3]

Tesla Rideshare navigates bumpy, narrow & windy roads no problemAnd it does so in a way that is actually comfortable for all passengersArash (@MinimalDuck):I took a @robotaxi to the wilderness. Was absolutely🤯 by how well it handled every situation! The future is here!! 🙌🏽 @Tesla @Tesla_AI @elonmusk https://t.co/HKZqauHcF8 ...

Regulatory Landscape & Consumer Sentiment - Regulators in many countries still have reservations about driverless cars [1] - Consumers also need to be convinced about driverless cars [1] Company Strategy - Uber will keep hustling to ensure it is the platform of choice when the robotaxi future eventually arrives [1]

Core Insights - Uber Technologies reported strong second-quarter 2025 results, with earnings and revenues exceeding expectations [1][3][10] - The company is experiencing robust demand across its Mobility and Delivery segments, contributing to significant revenue growth [4][6][10] Financial Performance - Q2 2025 earnings per share reached 63 cents, surpassing the Zacks Consensus Estimate by one cent, and reflecting a 34% year-over-year increase [3][10] - Total revenues for the quarter were $12.65 billion, exceeding the consensus estimate of $12.45 billion, marking an 18% year-over-year growth [3][10] - Gross bookings from the Mobility segment increased 18% year-over-year to $23.7 billion, while the Delivery segment saw a 20% rise to $21.7 billion [5][6][10] User Engagement - Monthly active platform consumers grew by 15% to 180 million, with the platform recording 3.3 billion trips, an 18% increase year-over-year [7][10] - The company reported a free cash flow of $2.48 billion, indicating strong financial health [7] Future Outlook - For Q3 2025, Uber anticipates gross bookings between $48.25 billion and $49.75 billion, suggesting a year-over-year growth of 17-21% [9][10] - Adjusted EBITDA is projected to be between $2.19 billion and $2.29 billion, indicating a year-over-year growth of 30-36% [9] Market Position - Year-to-date, Uber's stock has gained 47.9%, outperforming the Zacks Internet-Services industry, which rose by 5.9% [11] - Despite a relatively high valuation with a forward P/E ratio of 27.3, the company maintains a strong market capitalization of $186.57 billion [14][19] Strategic Initiatives - Uber is focusing on diversification through acquisitions and geographic expansion, which are essential for risk reduction [19][20] - The company is pursuing opportunities in the robotaxi market through partnerships with 20 companies in the autonomous vehicle, delivery, and freight sectors [21][22]

Expansion and Testing - Waymo is testing electric robotaxis in multiple cities [1] - The testing locations include Dallas, New York, Philadelphia, Houston, San Antonio, Miami, San Diego, Nashville, Washington, Boston, and Tokyo [1]

Summary of Hesai Group Conference Call Company Overview - **Company**: Hesai Group (HSAI.O) - **Industry**: LiDAR technology and automotive sector - **Current Rating**: Upgraded from Equal-weight to Overweight - **Price Target**: Increased from US$23.00 to US$26.00 Key Points and Arguments Industry Dynamics 1. **Growing LiDAR Adoption**: Hesai is gaining market share in China, with LiDAR adoption expected to continue increasing due to regulatory requirements for L2+ smart driving systems. Over 20% of NEVs sold in China were equipped with LiDAR as of May 2025 [12][15] 2. **Volume Share Gain**: Hesai's market share in LiDAR reached 37% in May 2025, up from 22% a year prior, surpassing competitors like Robosense and Huawei [3][13] 3. **International Expansion**: The company anticipates increased demand for LiDAR in overseas markets, with expectations that 15-20% of vehicles sold outside China will be L2+ smart driving enabled by 2030 [4][18] Financial Projections 1. **Revenue Growth**: Revenue forecasts for 2026 and 2027 have been raised by 3-7% to Rmb4.5 billion and Rmb6.1 billion, respectively, driven by a higher mix of high-end products [34] 2. **Earnings Growth**: Projected earnings CAGR from 2025 to 2027 is now estimated at 105%, up from 94% previously, with net profit estimates increasing by 7-12% [6][35] 3. **Gross Profit Margin**: Expected gross margins for 2026 and 2027 are adjusted to 40% and 39.3%, reflecting a better product mix and potential cost savings [7][35] Market Opportunities 1. **Robo-business Potential**: The company sees significant growth potential in robotaxis and smart home robotics, estimating a total addressable market (TAM) of US$5 billion for humanoid and smart home robotics [5][19] 2. **ASP and Margin Upside**: Higher average selling prices (ASP) and margins are expected from overseas projects, particularly for high-end products [20][38] Risks and Challenges 1. **ASP Declines**: There is a risk of greater-than-expected ASP declines and gross profit margin dilution if pricing pressures increase [27] 2. **In-house Development by OEMs**: Competition from OEMs developing their own LiDAR solutions poses a potential risk, although the current market dynamics suggest limited incentives for this [28] 3. **Regulatory and Demand Fluctuations**: Slower adoption of L2+ ADAS due to tightening regulations and softening vehicle demand could lead to excess supply [29] Valuation and Price Target 1. **Valuation Methodology**: The primary valuation method used is discounted cash flow (DCF), with a WACC of 12.2% and a terminal growth rate of 3% [38] 2. **Price Target Implications**: The new price target of US$26 implies a 30x P/E multiple for 2026 estimates, representing a 22% upside potential from the current stock price [36][44] Conclusion - **Investment Thesis**: The upgrade to Overweight reflects confidence in Hesai's ability to capitalize on growing LiDAR adoption, robust project pipelines, and emerging opportunities in robotics, despite potential risks from pricing pressures and competition [48][52]