Valuation bears had another chance to sharpen their claws after Palantir (PLTR) co-founder and a member of the so-called PayPal (PYPL) Mafia, Peter Thiel, reduced his stake by a considerable 76% in his former colleague Elon Musk's company, Tesla (TSLA). Recent 13F filings revealed that Thiel sold more than 205,000 shares of the EV leader between Q2 2025 and Q3 2025, with the value of the holdings dropping from $86.6 million to $28.9 million. Earlier, Thiel's entire selloff of his Nvidia (NVDA) stake also ...

Core Insights - Achieving a $1 trillion market cap is now a reality for 10 stocks, primarily driven by the artificial intelligence (AI) trade [1] - Tesla has recently joined the ranks of $1 trillion companies, alongside Nvidia, Apple, Microsoft, Amazon, Alphabet, Meta Platforms, and Taiwan Semiconductor Manufacturing [2] Company Performance - Tesla's stock has experienced extreme volatility since the 2024 presidential election, initially rising due to CEO Elon Musk's ties to the Trump administration, but later struggling due to tariffs and poor performance in its core EV business [3][4] - The launch of Tesla's robotaxi business has contributed to a recovery in stock price, bringing it back to all-time highs [4] Business Developments - Tesla has soft-launched its robotaxi business in Austin and San Francisco, with plans to expand to Las Vegas, Phoenix, Dallas, Houston, and Miami in the coming months [6][7] - The company has also made full self-driving software available for purchase by individual Tesla owners [7] Analyst Opinions - Among 34 Wall Street analysts, 14 rate Tesla as a buy, 10 as hold, and 10 as sell, indicating a divided opinion on the stock [8] - The average analyst price target suggests an 11% downside from current levels as of November 12 [8] Valuation and Market Outlook - Tesla's valuation stands at 259 times forward earnings, leading to concerns that the stock may be overvalued [9] - Some analysts, including Dan Ives from Wedbush, maintain a bullish outlook, projecting a $600 price target, which implies a 40% upside and a $1.9 trillion market cap [10] - Ives estimates that the AI and autonomous opportunity for Tesla could be worth at least $1 trillion, with expectations for rapid advancements under the Trump administration [11]

Elon Musk just pulled off one of the biggest corporate wins in recent memory — a shareholder approval for a compensation plan that could hand him as much as $1 trillion in Tesla Inc (NASDAQ:TSLA) stock. But this isn't a reward for what he's already done. It's a bet on what Tesla is expected to become.Track TSLA stock here.The $1 Trillion DreamAt Tesla's annual meeting in Texas, over 75% of shareholders voted to reinstate Musk's controversial 2018 pay package, brushing aside objections from heavyweights like ...

Core Insights - Tesla's CEO Elon Musk anticipates a regulatory boost from Chinese authorities next year, particularly regarding the Full Self-Driving (FSD) technology [1][2] - Full approval for Tesla's FSD in China is expected around February or March 2026, which would enable the company to conduct tests for its autonomous driving technology [2][3] - Tesla's sales in China have declined by nearly 10%, despite a strong performance in September, with the Shanghai Gigafactory selling over 61,497 units, including a 32% drop in exports compared to last year [4] Regulatory Environment - Musk expects full approval for Tesla's FSD in China, which is currently under partial approval and investigation by NHTSA [2] - The approval would allow Tesla to test its autonomous technology in a competitive market where Baidu's Apollo Go has achieved significant milestones [3] Sales Performance - Tesla's sales in China have seen a nearly 10% decrease, despite a strong September performance [4] - The Shanghai Gigafactory's sales included a notable drop in exports, which fell by 32% year-over-year [4] Future Plans - Musk provided updates on Tesla's future plans, including timelines for the Tesla Roadster and the importance of the Optimus humanoid robots [5] - There is speculation about SpaceX potentially going public in the future, coinciding with an expedited launch timeline for the Starship rocket [5] Company Metrics - Tesla scores well on Momentum and Quality metrics, with satisfactory Growth but poor Value [6] - The company has a favorable price trend across short, medium, and long-term metrics [6]

Core Viewpoint - Tesla shareholders are set to vote on Elon Musk's unprecedented $1 trillion pay package, which is tied to performance benchmarks, at the company's annual meeting in Texas [1][5]. Group 1: Pay Package Details - The proposed pay package includes performance targets such as achieving a $2 trillion valuation and delivering 20 million vehicles, as well as a $3 trillion valuation and 1 million "Optimus" humanoid robots [5]. - This pay package was introduced after a Delaware judge invalidated a previous $56 billion compensation plan for Musk, citing excessive compensation and conflicts of interest [4]. Group 2: Opposition and Concerns - Critics, including proxy advisory firms ISS and Glass Lewis, argue that the proposed salary is excessive and could dilute the holdings of other investors [2][8]. - Norges Bank Investment Management, overseeing Norway's sovereign wealth fund, expressed concerns about the total size of the award and the lack of mitigation of key person risk [7]. Group 3: Potential Consequences - Tesla chairwoman Robyn Denholm and Musk have indicated that he may leave the company if the proposal is rejected, which could impact Tesla's future and shareholder returns [2][9]. - Musk has emphasized the importance of the vote, suggesting that control of Tesla could significantly affect the future of civilization, particularly in relation to artificial intelligence and autonomous technology [3]. Group 4: Market Reactions - Tesla shares experienced a nearly 5% decline in trading prior to the vote, reflecting investor sentiment regarding the proposed pay package [7]. - Major investors like BlackRock, State Street, and Vanguard have not disclosed their voting intentions, adding to the uncertainty surrounding the outcome [11].

Core Viewpoint - Tesla Inc's annual shareholder meeting is increasingly seen as a referendum on Elon Musk, with a potential $1 trillion stock award at stake that could make him the world's first trillionaire if he meets ambitious goals [1][2] Group 1: Pay Package Details - The proposal allows Musk to earn up to 304 million Tesla shares over the next decade if he can increase the company's market cap sixfold and achieve specific targets [2] - Tesla's board, led by chair Robyn Denholm, argues that a substantial equity prize is necessary to keep Musk focused on Tesla amid his other ventures [2] Group 2: Shareholder Reactions - The California Public Employees' Retirement System (CalPERS) has voted against the pay package, citing it as excessively high compared to peers and a risk of concentrating power [3] - Proxy advisers ISS and Glass Lewis also oppose the package, leading Musk to label them as "corporate terrorists" [3] Group 3: Investor Implications - Regardless of the vote outcome, the situation highlights Tesla's identity crisis, questioning whether it is a carmaker, a robotics empire, or a personality cult centered around Musk [4] - Investors should note that even if Musk achieves the trillion-dollar payout, it hinges on delivering on unprecedented corporate goals, including selling 20 million cars annually and deploying a million robotaxis and humanoid robots [4][5]

Nvidia - Nvidia is experiencing strong bullish sentiment on Wall Street, with 35 out of 37 analysts issuing buy ratings, indicating a nearly consensus buy [6][5] - The average price target for Nvidia suggests a potential upside of approximately 23%, with the highest target at $320 per share implying a 75% upside [6][7] - Nvidia's recent performance includes a 56% year-over-year revenue growth and over 60% increase in diluted earnings per share, supported by a market cap of approximately $4.4 trillion [9][10] - Concerns exist regarding the sustainability of AI infrastructure demand and potential competition that could impact Nvidia's margins [9][10] Tesla - Tesla is characterized as a battleground stock, with 14 buy ratings, 13 hold ratings, and 10 sell ratings among 37 analysts, reflecting significant bearish sentiment [11][12] - The average analyst price target for Tesla indicates an approximate 18% downside, with the highest target suggesting a 33% upside and the lowest indicating a 96% downside [12][11] - Tesla's core electric vehicle business faces challenges, and while the autonomous robotaxi fleet is being developed, there are concerns about the stock price reflecting excessive optimism [13][14] - Analysts like Dan Ives view Tesla as a revolutionary AI business, predicting significant market share in the autonomous market and a potential market cap of $2 trillion to $3 trillion by next year [15][14]

Earnings Reports - Tesla reported quarterly revenue higher than the previous year, ending two consecutive down quarters, but earnings per share fell below Wall Street expectations due to rising capital expenditures, leading to a more than 3% drop in premarket trading [1][5] - Southwest Airlines exceeded expectations for both revenue and earnings per share, posting a profit when analysts had anticipated a loss, although shares were down over 1% before the market opened [2] - American Airlines also outperformed analyst forecasts and provided a positive outlook for the remainder of the year, resulting in nearly a 4% increase in shares following the earnings release [3] Oil Market - Oil prices experienced a mixed response as investors weighed OPEC's potential output cuts against concerns of slow U.S. growth, with Brent crude prices rising over 5% following new sanctions imposed by the White House on Rosneft and Lukoil, Russia's largest oil companies [4][6] Technology Sector - Meta is cutting approximately 600 roles from its AI business, which has been described as bloated, while the division that includes major AI hires remains unaffected [7] - Prominent figures in technology, including Richard Branson and Steve Wozniak, are advocating for a pause on the development of "Superintelligence," a form of AI that could surpass human capabilities [8] Labor Relations - The Starbucks Workers United union is set to vote on authorizing a strike, with plans for rallies and pickets nationwide, as they seek higher pay and improved working conditions after negotiations broke down late last year [10][11]

Core Viewpoint - Tesla Inc. is expected to outperform analyst consensus estimates in its upcoming third-quarter results, with predictions indicating higher earnings and revenue than previously anticipated [2][3]. Financial Projections - Analyst Troy Teslike forecasts a Non-GAAP earnings per share of $0.66, exceeding the consensus estimate of $0.59 per share [3]. - Expected revenue for Tesla is projected at $28.4 billion, surpassing the analyst consensus of $27.3 billion [3]. - The only area where Teslike's projections fall short is in gross margins, which are expected to be 17.2%, slightly below the consensus of 17.3% [4]. Market Sentiment - Morningstar's Senior Equity Analyst Seth Goldstein expresses skepticism regarding the market's enthusiasm for Tesla's robotaxi technology, suggesting that expectations may be overly optimistic [5]. - Goldstein maintains a "Sell" rating on Tesla's stock, citing concerns about the timeline for a full robotaxi launch and the current state of Tesla's autonomous vehicle technology [6]. - Despite his cautious stance, Goldstein acknowledges positive long-term developments for Tesla, including advancements in humanoid robots and battery technology [6].

Robo Taxi & Autonomous Driving - Morningstar 认为市场对 Tesla 的 Robo Taxi 过度乐观，预计全面推出（无安全驾驶员，无地理围栏）尚需时日 [2] - 行业关注 Tesla Robo Taxi 测试的进展时间表，特别是从需要安全驾驶员和地理围栏的早期阶段到移除安全驾驶员的高级阶段 [3][4] - 若 Tesla Robo Taxi 测试延迟或出现安全事故，可能导致市场乐观情绪迅速消退 [6] Tesla's Growth Drivers & Financial Performance - Morningstar 认为即使 Tesla 在 Robo Taxi 方面失败，Elon Musk 也能将注意力转移到其他领域 [7] - Morningstar 认为 Tesla 在 Robo Taxi 和 Optimus 人形机器人方面最终会取得成功，但可能无法产生足够强劲的自由现金流和增长率，以支撑当前 400 美元中段的股价 [8] - 若 Tesla 产品延迟、Optimus 产量未能达到数千台、工厂未找到应用场景、电池业务增长放缓，可能导致增长动力消失，市场将做出相应反应 [8] Market Sentiment & Stock Valuation - Tesla 股价接近年初 500 美元/股的水平 [5] - 市场对 Tesla Robo Taxi 的有切实的进展抱有乐观态度，从概念到在多个城市进行全面测试 [6]