TSLA | Tesla, Inc.
tesla’s mission is to accelerate the world’s transition to sustainable energy through increasingly affordable electric vehicles in addition to renewable energy generation and storage. california-based tesla is committed to having the best-in-class in safety, performance, and reliability in all tesla cars. there are currently over 275,000 model s, model x and model 3 vehicles on the road worldwide. to achieve a sustainable energy future, tesla also created infinitely scalable energy products: powerwall, powerpack and solar roof. as the world’s only vertically integrated energy company, tesla continues to innovate, scale and reduce the costs of commercial and grid-scale systems, with the goal of ultimately getting us to 100% renewable energy grids.
CEO Cathie Wood sees a promising future for companies centered on artificial intelligence and software, including Tesla and Nvidia, anticipating significant revenue growth from software-as-a-service providers and a booming autonomous taxi market, while also valuing the potential of the AI market and technological innovation in China.
Tesla is still on track to be the long-term growth stock that many anticipated a few years ago.
Earnings per share for the quarter came in right in line at $0.85 per share, while revenues slightly beat expectations at $23.33 billion.
The revised federal tax credits for electric vehicles, driven by new battery sourcing requirements, benefit U.S. automakers like Tesla, GM, Ford, and Stellantis while leaving Hyundai, Kia, Nissan, and Volkswagen at a disadvantage, potentially impacting their stock performance.
Tesla's unprecedented success in the EV market is powered by Elon Musk's audacious vision, a robust margin advantage, and strategic expansion, positioning the company for continued growth and dominance.
Tesla's recent event failed to meet investors' expectations due to the lack of a Next Generation EV announcement.
This year’s Investor Day event was lackluster, to say the least.
