Tesla bucking the broader tech selloff up as much as 4.8% today and closing a percent higher. Stifle doubling down on its bullcase for the stock hiking its price target from 483 to 508 a share which implies 24% upside from today's close. The firm citing strong progress on full self-driving and robo taxi even amid headwinds for the EV business.Steven Janeo is behind the call. He joins us now. Stephen, great to have you with us.>> Thank you for having me. This is a sum of the parts analysis and so I'm wonderi ...

We're announcing a partnership with Uber. We're working together to connect these NVIDIA drive Hyperion cars into a global network. A robo taxi is essentially an AI chauffeur.We created this architecture so that every car company in the world could create cars that are robo taxi ready. Drive Hyperion is now designed into Lucid, Mercedes-Benz, the folks at Stalantis, and there are many other cars coming. Basically, the standard chassis has now become a computing platform on wheels.And because it's standard a ...

Core Viewpoint - Tesla's recent quarter results did not present any major surprises, with a focus on energy storage and autonomy as key drivers for future growth and profitability [2][4][10] Financial Performance - Energy storage contributes 15% of Tesla's business but accounts for 25% of its profit, providing a buffer for the automotive segment which may face challenges [3][7] - The automotive segment showed better-than-expected profitability due to the retention of regulatory credits, contrary to expectations of their expiration [4][6] Market Dynamics - Anticipation of tax credits expiring led to a surge in demand, with nearly 500,000 units sold this quarter, but a decline to 400,000 units is expected in the next quarter [5] - Regulatory credits have only decreased by about 5%, which is unexpected and could positively impact margins if they remain stable [6] Future Growth Opportunities - The energy storage business, while currently a smaller segment, is seen as a long-term growth opportunity, contributing to profitability amidst rising electricity prices [7][8] - Autonomy remains the primary driver for Tesla's valuation, with an estimated $300 of the stock's value attributed to this segment [10]

All right, Tesla deliveries are due out shortly. Joining us now with more on what's ahead for the stock. Craig Irwin, Roth Capital, senior research analyst and Jed Dorschimer, William Blair Group, head of energy uh and power.I think this is supposed to be a debate, but Craig, you're our bull, but you got a you got a price target of $395. You're off by $70 already. You're the bull.You know what. It's been one heck of a run this last couple months, and uh you know, there's a lot of room for it to run. Okay.Yo ...

Core Viewpoint - Tesla's stock is experiencing significant optimism, with a price target increase to $600 from $500, indicating a potential upside of over 40% from the current average price of approximately $347 per share [1][2]. Price Target and Market Performance - The new price target of $600 is the highest on Wall Street and is 23% above Tesla's all-time high of $488 reached in December 2024 [3]. - Tesla's stock has rallied more than 30% in September, coinciding with expectations of strong Q3 vehicle deliveries, potentially reaching 500,000 units, driven by the expiration of a $7,500 EV credit [5][6]. Autonomous Driving and AI Potential - The optimism is largely attributed to Tesla's advancements in AI and autonomous driving, with estimates suggesting the AI autonomous opportunity could be worth at least $1 trillion for Tesla alone [4]. - Dan Ives predicts that Tesla will capture around 70% of the global autonomous vehicle market within the next decade, with full self-driving features expected to penetrate more than 50% of the market [4]. Company Strategy and Financial Health - Tesla's CEO Elon Musk is seen as pivotal in driving the company into its next growth phase, with plans to roll out robo-taxis in 30 cities within the next year [3]. - Despite some deceleration in sales growth, Tesla's core automotive business remains profitable, allowing it to fund other innovative projects without needing external financing [11][12]. Market Perception and Investment Sentiment - The debate continues on whether Tesla should be viewed primarily as a car company or an AI and autonomy company, with differing opinions among analysts [7][9]. - Historical data suggests that betting against Tesla has not been profitable, indicating strong investor sentiment towards the company's future prospects [8].

Robin, you've just been unequivocal about the future of the company and the inclusion of those operational milestones on Optimus and Robo Taxi, but when the proxy hit, many many shareholders went straight to the bullet point on the 20 million vehicle deliveries. How much was that informed by a the board wanting Elon Musk to focus on the breadandbut business in the near term, but also did you have some data that sales specifically were being impacted by Musk's political activity. Yeah, I I would say that uh ...

Competitive Landscape - Autonomous technology maturation positions Tesla as a direct competitor to Uber in the robo-taxi market [1] - Tesla's vertically integrated manufacturing could enable lower cost per mile, potentially undercutting Uber's pricing [2] Market Opportunity - Robo-taxi represents a significantly larger opportunity than ride-hailing [2] - Ride-hailing currently accounts for only 3% of US vehicle miles traveled [2] - Robo-taxi market could reach a $10 trillion addressable opportunity at scale [2] Company Focus - The company is closely monitoring Tesla's robo-taxi rollout since June [3] - The company is tracking the scale of Tesla's robo-taxi rollout in the coming months [3]

Fan Base & Community - The company has a large and enthusiastic fan base that attends events and expresses strong support for Elon Musk and the company's products [1] - Fans show their support through merchandise like t-shirts referencing past product launches and slogans like "don't bet against Elon" [1] - Some fans have invested significant portions of their life savings in the company [4] Product Excitement & Future Vision - The company's supporters are particularly excited about the potential of robo taxis and Optimus [2] - The Cyber Cab, a car without a steering wheel, was showcased at the event [2][3] - A 3D printed Cybertruck was available for children to color, indicating efforts to engage younger audiences [2] Investor & Customer Overlap - There is a significant overlap between Tesla car owners and investors in the company, with some becoming investors after buying a car and vice versa [4]

Near-Term Outlook - Tesla faces potential near-term weakness due to the transition period involving the loss of US incentives and focus on upscaling autonomous ventures [1] - The company anticipates a few potentially rough quarters but refrains from making definitive predictions [1] Autonomous and AI Focus - The industry views Tesla as entering a golden age driven by AI, autonomous technology, and robotics [3] - The future for Tesla is about robo taxis and physical AI, with deliveries potentially rebounding in the second half of the year [3][5] - The autonomous valuation alone is estimated to be a trillion dollars [6] - Tesla is expected to own the autonomous market and Optimus robotics will be a significant part of the company's story [11] - By November, Tesla is expected to take a big stake in XAI, positioning it as a key player in physical AI [12] Investor Perspective - Some investors might sell the stock due to concerns about the next one to two quarters [7] - Despite near-term challenges, the industry believes the current period represents a golden buying opportunity, potentially leading to a $2 trillion market cap [8] Governance and Leadership - Elon Musk remains the biggest asset for Tesla, driving the AI future [14] - The board needs to step up in terms of giving Musk 25% voting rights, especially concerning AI and XAI [16] - The board needs to have more control and accountability, particularly regarding political involvement [17]

are not very compelling. >> Elon Musk, on the Tesla earnings call last night, warning shareholders about a potential rough patch ahead. Shares getting hit this morning down better than 8%.Let's bring in Canaccord Genuity Jorge Enriquez raises his target from 303 up to 333. And he maintains his by George. It's great to have you. You write it pretty plainly.We may have just seen the bottom in growth trends with positive acceleration on the way. What makes you think so. >> Well, the good thing about bad comps ...