Core Insights - Tesla is releasing lower-content versions of its Models Y and 3, which are seen as a response to the need for cheaper vehicles in a competitive market [7] - The price cuts of around $5,000 do not fully compensate for the lost $7,500 tax credit, leaving the new models closer to $40,000 than $30,000 [7] - The new trims reflect a shift in strategy, focusing on cost-cutting rather than innovation, as features are removed or downgraded [7] Market Context - The U.S. electric vehicle market is facing increased competition and a shrinking domestic market, necessitating more affordable options [7] - Tesla's last new model, the Cybertruck, has not performed well in sales, highlighting challenges in maintaining market leadership [7] - Other automakers, like Ford, are pursuing innovative approaches to EV production, contrasting with Tesla's current strategy [7] Strategic Shift - Tesla has been shifting its focus away from core EV sales towards projects like robotaxis and robots, which are now central to its valuation [7] - The upcoming vote on Musk's proposed compensation package is influenced by the company's strategic pivot and recent positive news, including updates on Full Self Driving software [5][7] - The new vehicle trims may not significantly boost sales but are part of a broader strategy to maintain market presence [5][7]

Robo-Taxi Service Evaluation - William Blair 分析师 Jed Dorsheimer 对特斯拉的 robotaxi 服务印象深刻 [1] - 特斯拉仅使用光学摄像头和全自动驾驶软件来实现汽车自动驾驶，而 Waymo 和 Zoox 使用更昂贵的传感器 [1] - 特斯拉的 robotaxi 服务感觉比 Waymo 更豪华，成本只有一半，驾驶感觉更人性化 [2] Cost Advantage - 假设特斯拉的方法与其他公司一样有效，这可以为特斯拉在 robotaxi 业务中带来成本优势 [2] Valuation and Rating - Dorsheimer 评估特斯拉的 robotaxi 业务价值接近每股 300 美元，或超过 9000 亿美元 [3] - Dorsheimer 对特斯拉股票的评级为持有，没有给出目标价格 [3] - Dorsheimer 对特斯拉各业务（包括 robotaxi、汽车和储能）的综合估值接近每股 360 美元 [3]