Although the core electric vehicle business slows down, why Tesla’s stock is still rising

In 2024, Tesla (TSLA) electric vehicles were delivered for the first time in the company’s 21 -year history. However, according to CEO Elon Musk, this is not a reasonable reason, because Tesla’s future is related to AI and other non -automatic industry companies. Investors now seem to buy this argument.

After the fourth quarter of yesterday (January 29) (January 29) was weak, Tesla’s stock still increased by nearly 4 % today. Differences make analysts doubt whether Tesla (currently the most valuable listed company in the world, and the market limit is 1.3 trillion US dollars) should be regarded as a car company.

“We can almost say that the market is not treated [Tesla] Just like a car company, not AI.

Tesla’s electric vehicle sales accounted for more than three -quarters of the company’s revenue, totaling $ 20 billion from October to December, a year -on -year decrease of 8 %. The total revenue of the quarterly revenue was US $ 26 billion, which was higher than $ 25 billion a year ago. The net income was US $ 2.3 billion, a decrease of US $ 8 billion before last year. The annual revenue increased by 1 % year -on -year to US $ 98 billion, while net income fell 53 % to $ 7 billion.

Despite insufficient economic performance, Musk believes that Tesla’s true value lies in its AI investment. Musk told analysts yesterday that these areas will “have huge fruits in the future” with the scale of “difficult to understand”. According to billionaires, Tesla may eventually have higher total value than the next five companies. He added: “This is due to the vast majority of autonomous cars and autonomous driving humanoid robots.”

According to the analysis of adam jones by Morgan Stanley (MS), Musk’s speech “almost completely surrounds autonomy, AI and robotics technology”, and largely ignored the company’s fundamentals. Market activities are also separated from the company’s financial performance. Jones said Tesla’s sharing “Continue to make us completely divorced from the fundamentals.”

Musk spent a lot of time in most of yesterday’s income, and introduced his grand vision for Tesla’s future in the future of autonomous vehicles and robotics. He announced that in June, some of the company’s cars will begin unsupervised autonomous driving services in Austin, Texas, and added that Tesla has received the interest of other car companies that want to license its complete autonomous driving technology Essence The billionaire said Tesla will also make progress in developing its Optimus Prime Robot this year. It is estimated that the company will use “thousands” within Tesla by the end of 2025.

When these AI -centric ambitions are actually returned, they remain to be observed. “Investment in autonomous driving and artificial intelligence is the main hub for those who have a bullish thesis in this company, but they have not played an important role in the fourth time,” said Eugenio Catone, an analyst of Seeking Alpha, and added to add saying that The company’s Alpha analyst Eugenio Catone said. The future growth proposition is insignificant.

However, most parts of Wall Street still regard Tesla’s AI drama as the reasons for celebration rather than attention. Jones said that Tesla’s latest quarterly performance is a symbol of a company that transitions from the “pure game” to AI and robotics. ” Narayan pointed out that the company’s interest in Tesla’s autonomous technology is its “menstruation is becoming increasingly real”.

Wedbush Securities Analyst Dan Ives said that in a specially bullish case, Tesla’s ambitious ambitious value in the future is at least $ 1 trillion. In a analyst, Evz pointed out that the opportunity for AI and autonomous driving is “90 % of Tesla’s story today.” If said that Tesla’s plan to introduce autonomous cars in Austin is “major verification”. The company made progress in unsupervised fully autonomous driving, and added that he focused on the biggest attention around this milestone. Points, not Tesla’s technical capabilities, but their regulatory obstacles.