Let's bring in Steve Wesley. He's the founder of Wesley Group, former Tesla board member. Uh Steve, always good to have you.Just give me your thoughts about the X and the S and saying goodbye to them and the ramp up in, you know, what Musk says will be at what some point a million robots a year coming off the uh the lines. >> Look, it's a tough quarter for Tesla. First year of declining revenues down 3%. Second year of declining auto sales down 9%.Profit down 46%. I mean, the one thing that's increasing her ...

Core Viewpoint - Tesla is facing challenges with declining sales and profits, and must secure regulatory approvals for its robo taxi service to maintain its high share price, which currently stands at a record high market cap of $1.5 trillion [1][7]. Sales and Profit Trends - Tesla is likely to experience its second consecutive year of declining sales and shrinking profits, necessitating significant efforts to sustain its share price [1]. - The energy division is projected to grow from approximately $10 billion last year to $14 billion this year, marking a 40% increase [5]. Competition and Technology - Tesla's robo taxis currently require safety drivers in two cities, while competitors like Whimo have logged significantly more miles between critical interventions, indicating a technological lead [2][3]. - Whimo is expected to operate in 20 markets by the end of 2026, further highlighting the competitive landscape [2]. Market Sentiment and Stock Performance - Tesla's stock has more than doubled since mid-March, despite flat growth, as investors believe the company is on the verge of delivering full self-driving capabilities [8]. - The market cap of Tesla exceeds that of all American car companies combined, indicating strong investor confidence despite recent challenges [7]. Energy Division and Future Growth - The energy division, which includes products like power walls and mega packs, is seen as a potential growth driver for Tesla, especially as utilities seek new power suppliers [5][11]. - The company is positioned to benefit from the ongoing revolution in AI and data centers, which is pushing utilities to explore alternative energy sources [5].