is joining us now. Steve Wesley, founder of the Wesley Group and a former Tesla board member. Steve, it's great to have you on. And let's start right there. I just I just used the phrase. I'm going to put it to you. Comeback kid for Tesla. Is it warranted? >> Well, we'll see. Look, 2026, it's going to be a pivotal year. Share price today, record high, $1.5% trillion. But Tesla's likely to see the second year of declining sales and shrinking profits. So, they've got to get robo taxi approval and they've got ...

Whimos are up and running again in San Francisco after a Saturday blackout stopped the robo taxis in their tracks throughout the city. Dear Jabosa digging into what it means for the robo taxi roll out more broadly in today's tech check. Dearra, hey Kelly.So let me just show you. These are scenes from Saturday night in San Francisco. You might have seen them on social media or scenes just like this.So you essentially had Whimos stalled in intersections across lots of different streets backing up traffic acro ...

Political & Policy Impacts - Initial positive relationship between Musk and Trump, including potential 100 million+ funding for Trump's campaign [1] - Subsequent fallout possibly due to Trump's large budget bill and EV tax credit changes impacting Tesla [1][2] Autonomous Driving & Technology - Robo taxi service testing commenced in Austin [2] - Safety of Tesla's FSD (Full Self-Driving) being evaluated, compared to Waymo, with some taxis operating without safety drivers [3] - Questions arise regarding approvals and testing protocols for driverless taxi operations [3] Executive Compensation & Governance - Shareholder approval of a trillion-dollar pay package for Musk, despite opposition from some large funds [4] - Musk needs to achieve aggressive goals over the next few years to realize the pay package [4]

Tesla shares are near a record as the company confirming robo taxi tests without a driver are underway in Austin. Tech analyst Dan Ives saying Tesla's ambitions and the autonomous business could drive it to a $3 trillion valuation by the end of 2026. But we talked to Garrett Nelson, CFRA research analyst.He's not quite as confident. >> Looking at consensus numbers for 26 and 27, we think they're too high still. and we haven't seen the worst of the drop off in their EV sales.Um, in in a couple weeks when the ...

Time now for Options Corner. We want to bring in senior options contributor and co-host of Fast Market, Tom White, for a breakdown. So, it has been quite the recovery in Tesla.A lot of that this past month. What do you notice in this chart, Tom. >> Yeah, Diane, it has recovered uh nearly back to those levels that we saw last December when we hit all-time highs.as we had a rough patch there in April along with everything else uh in the overall market, but we've seen a steep uh up uh tick here now with the st ...

Company Operations & Expansion - Whimo's remote rider support team detected unusual activity, leading to assistance for a pregnant woman [1] - Whimo is rapidly expanding, with public rides more than tripling from last year [3] - The company is celebrating the event, highlighting its role in significant moments [3] Safety & Regulatory Issues - Whimo is facing a federal investigation regarding allegations of illegally running past stop signs on school buses [3] - Whimo stated that software updates have been made, and safety is a top priority [3] Unique Events - A pregnant woman gave birth inside a Whimo vehicle on the way to UC San Francisco Medical Center [1] - This is not the first time a baby has been born in a Whimo; it also happened in Phoenix [4]

Autonomous Driving Development - Tesla anticipates enabling texting while driving in the next one to two months, viewing it as a catalyst for robo-taxi demand due to the convenience it offers [1][2] - The move towards allowing texting while driving signals progress towards unsupervised full self-driving software [2] - Tesla is aiming to remove the operator from the vehicle in select areas of Austin within the coming months, further indicating a push towards full autonomy [3] Safety Concerns - Industry acknowledges the inherent dangers of texting while driving [2]

Core Viewpoint - Tesla's stock is performing well, increasing by as much as 4.8% and closing 1% higher, despite a broader tech selloff. Stifel has raised its price target from $483 to $508, indicating a potential 24% upside from the current price, driven by advancements in full self-driving (FSD) and robo-taxi technology [1]. Valuation Insights - The valuation analysis indicates that approximately $130 of the valuation is linked to the core auto business, while FSD and robo-taxi contribute about $185 and $160, respectively, to the overall valuation [3]. - The optimistic valuation for the Optimus robot is only around $29 to $30 per share, reflecting a conservative approach, with the primary value derived from FSD and robo-taxi [5]. FSD and Robo-Taxi Developments - Incremental data points regarding the success of FSD are expected to drive the robo-taxi business, which is seen as a key growth area [3]. - Current projections suggest that by 2026 and 2027, only about 15% to 20% of Tesla buyers may subscribe to FSD, with higher adoption rates anticipated in later years as consumer exposure increases [9][10]. Competitive Landscape - Concerns exist regarding competitive threats to FSD, particularly as Tesla employs a camera-based system and AI, while competitors are utilizing LIDAR systems, which may pose risks to Tesla's market position [8].

Core Points - Tesla shareholders approved CEO Elon Musk's $1 trillion pay package with over 75% support during the annual shareholder meeting [1][2] - The approval of the pay package is contingent on Musk achieving various ambitious milestones, including the production of 20 million cars and advancements in robotics [3][20] - Musk emphasized the importance of robotics, claiming that the Optimus robot could surpass the car business in significance [8] Compensation Package - The pay package received significant support, attributed partly to Musk voting his own shares, which helped surpass the 75% threshold [2] - The package includes multiple tranches tied to specific performance milestones, which Musk must meet over time [20][22] Robotics and Future Plans - Musk announced plans to scale up the assembly of the Optimus robot at both Giga Austin and Fremont, with a focus on significant milestones [3] - The Cybertruck is set for production in April 2026, marking a concrete timeline for a highly anticipated vehicle [3][19] - Musk believes that humanoid robots will play a crucial role in addressing societal issues like poverty and healthcare [8] Investment in XAI - Shareholders approved Tesla's investment in XAI, although there were several abstaining votes, leading the board to reconsider the decision [4][6] - The board's hesitance may stem from the overlapping interests of Tesla and XAI in the AI sector [7] Market Position and Future Opportunities - Analysts believe that the humanoid robot opportunity could be significantly larger than the robo-taxi business, suggesting a strong future for Tesla in this area [11] - The robo-taxi initiative is expected to generate substantial cash flow, with projections indicating hundreds of billions in potential returns [14][15] - Tesla's ability to scale its robo-taxi fleet is seen as a competitive advantage over existing players like Waymo, due to its production capacity and cost structure [18][19]

Core Insights - The shareholder meeting's outcome regarding Elon Musk's pay package is critical for Tesla's stock performance, with potential negative implications if the package does not pass [2][4][10] - The focus has shifted from Tesla's traditional auto and energy business to autonomy, including robo-taxis and humanoid robots, which Musk believes requires him to maintain control [2][5] - The ambitious goal of increasing Tesla's market cap by $7 trillion raises questions about the feasibility of such growth and the necessity for inorganic growth strategies [5][6] Company Perspective - The current pay package for Musk is tied to significant performance incentives, which have previously faced legal scrutiny, indicating a complex relationship between executive compensation and company performance [3][10] - The debate around Musk's compensation reflects broader concerns about governance in large companies and whether such high pay is justified based on value creation [9][11] - The situation may set a precedent for how key executives are compensated in the future, particularly in companies where a single individual plays a crucial role in driving value [11]