Xiaomi recently launched a new electronic vehicle that takes aim at Tesla's most popular car, the Model Y.
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Brand damage from CEO Elon Musk's political involvement and the potential loss of U.S. EV tax incentives threaten Tesla, Inc.'s near-term demand and margins. While autonomy projects and tariff relief offer some upside, these positives are unlikely to fully offset current sales and competitive pressures. Given limited growth prospects and aggressive valuation, I see more downside risk than upside for TSLA shares.
In Q2 and Q3, most of Tesla's revenue growth is coming from things it's already executing. The global Model Y refresh just wrapped in Q1, and it looks like demand - especially in Asia - is picking up again. Tesla is aiming to pilot a robotaxi program in Austin this June, using unsupervised Model Ys. If that goes well, they want to expand to more cities by the end of the year and scale up in 2026. Also coming into view is the Optimus robot project. Starting in 2027 and beyond, Tesla's bigger ideas start to come into play.
Now is the moment for Musk to channel his fury into executing on the company's long-promised pivot to driverless cars.
General Motors is betting that America's reticence to adopt electric vehicles is temporary. New batteries are helping it drive down the cost of its cars.
Known Tesla bull Dan Ives sees a ‘golden age' for Tesla based on AI and AVs, but that optimistic view faced a colder reality of trade-war fears.
The Wedbush analyst estimated that autonomous driving is a $1 trillion opportunity for Tesla.
Wedbush has sharply raised its price target on Tesla Inc (NASDAQ:TSLA) from $350 to $500, citing what it describes as the beginning of a “golden age of autonomous growth” for the electric vehicle maker. The bank sees the forthcoming launch of full self-driving capabilities in Austin as the catalyst for a significant revaluation of Tesla's business model and long-term prospects.
Tesla Inc (NASDAQ:TSLA) is poised to enter a “golden age of autonomous growth,” according to Wedbush's Dan Ives, who raised his price target on the electric vehicle maker by more than 40% to $500, citing the upcoming rollout of key AI and full self-driving (FSD) initiatives. In a note, Ives called Tesla “the most undervalued AI play in the market today” and said the launch of new autonomous capabilities in Austin, Texas, set for June, will mark the start of a “massive stage of valuation creation” for the Elon Musk-led company.
The Model Y is Tesla Inc.'s (NASDAQ: TSLA) best-selling vehicle.
Tesla stock could make it five weekly gains in a row but it needs a good day on Friday.