Mark The Calander, Dan Ives Says This Dirt-Cheap Stock Will Surpass Nvidia In 1 Year Max. Get In Now
Summary
TLDRTesla is poised for significant growth as it expands into AI, with its highly anticipated Robo taxi service set to disrupt the ride-hailing industry. Analysts predict Tesla's AI push, including its FSD program and cortex supercomputer, could unlock a multi-trillion-dollar opportunity. Despite stock underperformance in 2024, positive Q2 results and advancements in AI position Tesla for a strong finish, with the potential for a short squeeze and increased demand as interest rates drop.
Takeaways
- 🚗 Tesla's conversations are shifting from traditional metrics like deliveries and price cuts to AI advancements and the potential of FSD (Full Self-Driving).
- 🌟 FSD is considered a significant use case for AI and could be the biggest form of AI penetration for Tesla's install base, which is expected to grow to 10 million vehicles.
- 🚖 Tesla is anticipated to unveil its 'hyper cab', a revolutionary autonomous ride-sharing vehicle, which could be a game-changer for the company.
- 🚀 The Robo taxi service is expected to disrupt the ride-hailing industry by offering a more affordable and efficient alternative without the need for human drivers.
- 💹 Analysts predict that Tesla's Robo taxi service could represent an $8 to 10 trillion global revenue opportunity if it captures a significant market share.
- 💻 Tesla's investment in AI is aggressive, with plans to spend $10 billion on AI-related expenditures in 2024 alone, highlighting its commitment to leading the AI revolution.
- 🔋 Tesla's supercomputer cluster, Cortex, is powered by Nvidia's advanced chips, which will be crucial for training neural networks for autonomous driving.
- 📈 Despite challenges, Tesla's core EV business remains strong, with the company reclaiming its position as the global EV market leader in 2024.
- 📊 Tesla's financials are stabilizing, with improved operating margins and a record $30 billion in cash reserves, providing a strong foundation for future investments.
- 📉 Tesla's stock performance has been underwhelming in 2024, partly due to valuation adjustments, declining operating margins, and leadership changes, but there are signs of stabilization and potential for improvement.
- 📈 Interest rate cuts could boost Tesla's stock performance, as lower rates make it easier for consumers to finance electric vehicles, and Tesla is one of the most shorted stocks, creating potential for a short squeeze.
Q & A
What is the current focus of discussions about Tesla?
-The discussions about Tesla have shifted from traditional topics like deliveries, unit sales, and price cuts in China to the company's advancements in AI, particularly its Full Self-Driving (FSD) technology and the upcoming Robo taxi service.
What is the projected timeline for Tesla's vehicle fleet size?
-Tesla currently has around 6 million vehicles on the road and is expected to grow to 8 million next year, with a potential to reach up to 10 million vehicles in the future.
What is the significance of Tesla's Robo taxi service?
-The Robo taxi service is anticipated to be a disruptive innovation in the ride-hailing industry by eliminating the need for human drivers, which could significantly reduce operating costs and make Tesla a dominant player in the autonomous ride-sharing market.
How does Tesla's AI push align with its financial performance?
-Tesla's aggressive investment in AI and its focus on FSD and Robo taxis are seen as long-term strategies that could transform the company into a leader in autonomous technology, potentially unlocking multi-trillion-dollar opportunities and boosting its stock price.
What is the role of Tesla's supercomputer cluster Cortex in its AI strategy?
-The Cortex supercomputer cluster, powered by Nvidia's H100 and H200 chips, is crucial for Tesla's full self-driving program as it can handle the vast amounts of data needed to train neural networks for autonomous driving.
What is the potential global revenue opportunity for Tesla's Robo taxi service according to Kathy Wood?
-Kathy Wood predicts that Tesla's Robo taxi service represents an $8 to 10 trillion global revenue opportunity, suggesting that if Tesla captures just 50% of the global autonomous ride-sharing market, it could become a massive revenue driver.
How has Tesla's EV business performed in 2024?
-In 2024, Tesla reclaimed its position as the leader in the global EV market after briefly losing it to BYD in 2023. In Q2 2024, Tesla delivered 443,000 EVs, driven by strong demand in markets like China.
What financial milestone did Tesla achieve in Q2 2024?
-Tesla surpassed $30 billion in cash reserves for the first time in Q2 2024, which allows the company to weather economic uncertainties and invest heavily in its AI and energy businesses.
What are the reasons behind Tesla's stock underperformance in 2024?
-Tesla's stock underperformance in 2024 is attributed to factors such as valuation adjustments, declining operating margins due to increased competition and aggressive pricing strategies, and leadership changes that have rattled some investors.
What is the potential impact of interest rate cuts on Tesla's stock performance?
-Interest rate cuts could reignite Tesla's stock performance as they make it easier for consumers to finance big-ticket items like electric vehicles, increasing demand and potentially leading to a short squeeze due to Tesla being one of the most shorted stocks on Wall Street.
How does the upcoming Robo taxi event fit into Tesla's broader strategy?
-The upcoming Robo taxi event is seen as the beginning of Tesla's broader strategy to transition into an AI company, which could create new high-margin revenue streams and accelerate Tesla's earnings growth, significantly boosting its stock price.
Outlines
🚗 Tesla's AI and Robo-Taxi Future
The first paragraph discusses Tesla's focus on AI and its upcoming Robo-taxi service. It highlights the company's shift from just being an electric vehicle (EV) manufacturer to becoming an AI powerhouse. The anticipated Robo-taxi service, set to be unveiled on October 10th, 2024, aims to disrupt the ride-hailing industry by removing the need for human drivers, thereby reducing costs. Tesla's potential to grow its Full Self-Driving (FSD) program and its investment in AI, including the development of the Cortex supercomputer, are seen as key to its future success. Analysts like Dan Ives are optimistic about Tesla's future, predicting significant growth and revenue opportunities, especially if Tesla can capture a substantial share of the global autonomous ride-sharing market.
📈 Tesla's Financial Performance and Market Position
The second paragraph covers Tesla's financial performance, including its operating margins and cash reserves. It notes a decline in margins in Q2 2024 but suggests stabilization and future improvement as interest rates decrease. The paragraph also discusses Tesla's strategy to prioritize sales volume over short-term margins and the impact of leadership changes, such as the departure of CFO Zach Kirkhorn. Despite these challenges, Tesla's stock is seen as attractive for long-term investors due to its correction from overvaluation. The company's energy division is also highlighted as a growing revenue stream. The paragraph concludes by suggesting that Tesla's stock performance could improve with anticipated interest rate cuts and the upcoming Robo-taxi event.
🌟 Tesla's AI-Driven Growth Prospects
The third paragraph is a brief conclusion that reiterates the importance of Tesla's AI-driven growth prospects. It emphasizes the potential for Tesla to unlock significant value through its AI initiatives, particularly with the upcoming Robo-taxi service, which could represent a multi-trillion-dollar opportunity. The paragraph serves as a reminder for investors not to overlook the transformative potential of Tesla's AI strategy.
Mindmap
Keywords
💡Robo taxi
💡FSD (Full Self-Driving)
💡AI (Artificial Intelligence)
💡EV (Electric Vehicle)
💡Cortex Supercomputer
💡Revenue Streams
💡Market Valuation
💡Interest Rates
💡Cash Reserves
💡Short Squeeze
💡Disruptive Technology
Highlights
Tesla's conversations are shifting from deliveries and price cuts to their AI and Robo-taxi services.
Tesla's Full Self-Driving (FSD) technology is seen as a major use case for AI, with a potential for significant market penetration.
Tesla's install base is expected to grow from 6 million to 10 million vehicles, indicating a large potential market for FSD.
Dan Ives, a tech analyst, offers a bullish outlook on Tesla's future, seeing it as more than just an electric vehicle company.
Tesla's push into AI-driven products, like the Robo-taxi service, is a key event for investors.
Tesla's Robo-taxi service, expected to be unveiled on October 10th, 2024, is seen as a revolutionary development.
The Cybercat and Robo-taxi project aim to disrupt the ride-hailing industry by removing the need for human drivers.
Tesla's Robo-taxi fleet could become a dominant player in the ride-sharing market, offering a more efficient alternative.
Kathy Wood predicts Tesla's Robo-taxi service could represent an $8 to 10 trillion global revenue opportunity.
Tesla's investment in AI was evident during the Q2 2024 earnings call, where AI was mentioned 24 times.
Tesla's supercomputer cluster Cortex, powered by Nvidia's H100 and H200 chips, supports its AI and autonomous driving ambitions.
Tesla plans to spend $10 billion on AI-related expenditures in 2024, showing a strong commitment to technology development.
The success of Tesla's FSD program is crucial for the company's long-term growth and the backbone of the Robo-taxi service.
Tesla reclaimed its position as the leader in the global EV market in 2024, delivering 443,000 vehicles in Q2.
Tesla's financials showed stabilization in Q2 2024, with a 6.3% decline in operating margins from the previous year.
Tesla surpassed $30 billion in cash reserves in Q2 2024, providing a war chest to invest in AI and energy businesses.
Tesla's energy division is hitting record revenues, gross profits, and total deployment hours, diversifying its revenue streams.
Tesla's stock underperformance in 2024 is attributed to valuation adjustments, declining operating margins, and leadership changes.
Tesla's anticipated interest rate cuts could reignite stock performance and create a potential short squeeze.
Tesla's future is hinged on its transition into an AI company, with investments in FSD, Robo-taxis, and the Cortex supercomputer.
The upcoming Robo-taxi event is seen as the beginning of a multi-trillion-dollar opportunity for Tesla in AI.
Transcripts
90% of my Tesla conversations the last
few months it's not on deliveries not on
units not on price Cuts in China which
have slowed down it's about Robo you
know we'll be at robot tax today but
it's about robot tax today disruptive
and ultim what I view is like FSD being
the biggest form or you could argue use
case of AI FSD
what what could that ultimately be
toward
penetration for Tesla inst stall base 6
million Vehicles today ultimately will
be 8 million next year and ultimately up
to 10
million what could penetration be on FSD
it's a key event for investors to kind
of like how should I look at Tesla going
forward Tesla is at a pivotal moment and
Dan IES a well-known Tech analyst offers
a bullish outlook on the company's
future his insights bolstered by data
and Analysis pay a picture of Tesla as
much more than just an electric vehicle
company Tesla's potential as an AI
Powerhouse coupled with its leadership
in Eves sets the stage for significant
growth in the coming years Central to
IV's bullish thesis is Tesla's imited
push into AI driven products
specifically the highly anticipated Robo
taxi service on October 10th 2024 Tesla
is expected to unveil its hyper cab a
revolutionary autonomous ride sharing
vehicle Alon musk himself has called
this the most significant moment for
Tesla since the unveiling of the model 3
in
2016 signaling that Tesla is on the
brink of something
transformative the Cybercat and Robo
taxi project aim to disrupt the ride
hailing industry by eliminating the need
for human drivers significantly reducing
operating costs while traditional ride
sharing services like like uber and Lyft
struggle with the costs of drivers
Tesla's Robo taxi Fleet could emerge as
a dominant player in this space offering
a more affordable and efficient
alternative GP Morgan cautions that it
may take a few years for Tesla to profit
from this endeavor but the long-term
upside is undeniable Kathy Wood a noted
Tesla bull has even predicted that
Tesla's Robo taxi service represents at
$8 to10 trillion Global Revenue opport
if Tesla captures just 50% of the global
autonomous ride sharing Market it could
become a massive Revenue driver pushing
Tesla far beyond its current
valuation this transformation according
to IES repositions Tesla from being
perceived solely as an EV manufacturer
to being a significant player in AI
unlocking multi-trillion dollar
opportunity another pillar supporting
I's bullish stance is Tesla's aggressive
investment in in AI in the Q2 2024
earnings call AI was mentioned 24 times
indicating the company's laser focus on
harnessing the power of artificial
intelligence Tesla recently unveiled its
supercomputer cluster cortex which is
powered by nvidia's h100 and h200 chips
reinforcing its commitment to Leading
the AI Revolution Tesla plans to spend
$10 billion on AI related expenditures
in 2024 alone which demonstrates its
commitment to developing cuttingedge
technology and autonomous driving
Robotics and energy
optimization the cortex supercomputer
will be crucial for Tesla's full
self-driving program as it can handle
the vast amounts of data needed to train
neural networks the success of the FSD
program is essential for Tesla's
long-term growth as it represents one of
the core Technologies behind Robo taxis
if Tesla succeeds in deploying fully of
homus vehicles at scale its business
model will fundamentally shift toward AI
Services creating new high margin
revenue streams that could significantly
boost profitability while Tesla's focus
on AI is important its core EV business
remains strong Tesla reclaimed its
Throne as the leader in the global EV
Market in 2024 after briefly losing it
to buad in
2023 in q22 2024 Tesla delivered
443,000 do driven by strong demand in
markets like China where Tesla sold
63,000 EVS in August 2024 alone a 37%
increase from July B Tesla's closest
competitor delivered 426,000
of concern for some investors as they
have declined 6.3% in Q2 2024 down 33%
from the previous
year however this is an improvement from
the 5.5% margin seen in q1 2024
signaling stabilization in its
financials IES believes that as the
Federal Reserve Cuts interest rates
Tesla's margins will improve further
especially as financing costs for
consumers become more favorable
leading to increased demand for EVS
Tesla also achieved a significant
milestone in Q2 2024 by surpassing $30
billion in cash reserves for the first
time this war chess allows Tesla to
weather economic uncertainties and
invest heavily in its Ai and energy
businesses both of which are expected to
be key growth drivers in the future
Tesla's energy division continues to hit
record revenues gross profits and total
de wat hours deployed further
diversifying the company's revenue
streams despite these bullish prospects
Tesla stock has underperformed in 2024
and Ives acknowledges the reasons behind
this several factors are contributing to
Tesla's current stock performance number
one valuation
adjustments Tesla was notoriously
overvalued in previous years with a p
ratio of over 1,100 Q4
2020 as of 2024 the PE Ratio has dropped
to a more reasonable 63 following a
pullback in the stock I believes this
correction was necessary and healthy as
it makes the stock more attractive for
long-term investors number two declining
operating margins Tesla has faced
pricing pressure due to increased
competition and its own aggressive price
cuts to stimulate demand the EV space is
becoming more crowded and Tesla's
willingness to sacrifice short-term
margins in favor of increased sales has
worried some
investors however IES points out that
Tesla's margins are stabilizing and will
likely improve as interest rates come
down number three leadership changes the
departure of key Executives particularly
CFO Zack Korn has also rattled some
investors Korn played a significant role
in managing Tesla's Financial zance
period of rapid growth and his exit has
raised questions about leadership
stability however Ives remains confident
in Tesla's leadership under Elon Musk
despite concerns about musk being spread
thin across multiple
Ventures one of the key catalysts that
eyes believes could reignite Tesla's
stock performance is the anticipated
interest rate Cuts Tesla like other
consumer sensitive stocks thrives at a
low interest rate environment because
consumers find it easier to finance Big
Ticket items like electric vehicles
recent CPI data suggests that core
inflation is trending toward the Federal
reserve's target of 2% increasing the
likelihood of rate Cuts in the near
future lower interest rates would boost
consumer demand for Tesla's Vehicles
particularly in price sensitive
markets this combined with the upcoming
robotaxi event and Tesla's advancements
in AI positions the company for a strong
finish in
2024 IES ALS also highlights that Tesla
is one of the most shorted stocks on
Wall Street with over 78 million shares
sold short which creates the potential
for a short squeeze if interest fre Cuts
Drive the stock
higher for IES Tesla's future hinges on
its ability to successfully transition
into an AI company the company's
investments in FSD Robo taxes and its
cortex super computer signal a broader
strategy that could transform the
company into a leader in autonomous Tech
technology this AI driven shift will
create new high margin revenue streams
that could accelerate Tesla's earnings
growth and boost its stock price
significantly odds believes that Tesla's
focus on AI is its most exciting growth
driver while the EV business remains
strong and Tesla continues to dominate
that market it is the AI Revolution that
will unlock the next chapter of growth
for the company the upcoming robotaxi
event is just the beginning of what
could be aim multi-trillion dollar
opportunity for Tesla one that investors
should not overlook
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