$TSLA Tesla reported a profit of forty-five cents per share. Although this met analysts' expectations, the reality is that its profits fell nearly forty percent compared to last year. The car business is suffering: sales dropped by sixteen percent and the price war in China is eroding their profitability. If we only look at the cars, the outlook is bearish.
But this is where the magic of Elon Musk comes in. During the conference, Elon did not focus on the cars, but on turning Tesla into an Artificial Intelligence powerhouse.
He promised that Robotaxis will be a massive reality by 2026 and that the Optimus robot is already working in its factories. Additionally, its battery business broke historical records, which is preventing the stock from completely collapsing.
What do you all say! Should we buy Elon’s dream of robots or do we hold firm that the reality of sales will end up lowering the price?
#TSLALinkedPerpsOnBinance
#noticie
#analysis
But this is where the magic of Elon Musk comes in. During the conference, Elon did not focus on the cars, but on turning Tesla into an Artificial Intelligence powerhouse.
He promised that Robotaxis will be a massive reality by 2026 and that the Optimus robot is already working in its factories. Additionally, its battery business broke historical records, which is preventing the stock from completely collapsing.
What do you all say! Should we buy Elon’s dream of robots or do we hold firm that the reality of sales will end up lowering the price?
#TSLALinkedPerpsOnBinance
#noticie
#analysis