Latest news with #TeslaCybercab
Express Tribune
14-05-2025
- Automotive
- Express Tribune
Tesla to resume Chinese parts shipments for Cybercab, Semi truck
A Tesla Cybercab is displayed at the Los Angeles Auto Show, in Los Angeles, California, U.S., November 21, REUTERS Tesla will resume shipping components from China to the United States by the end of May to support the production of its upcoming Cybercab and Semi truck models, according to a source with direct knowledge of the matter. The decision follows a recent US-China agreement to roll back most tariffs and countermeasures, marking a significant easing in trade tensions after high-level talks in Geneva. The development is expected to immediately impact manufacturing and supply chains for American companies reliant on Chinese imports. Tesla had previously halted shipment plans after President Donald Trump raised tariffs on Chinese goods to 145%, threatening production schedules for the Cybercab and Semi. The tariff truce, announced Monday, clears the path for trial production of the Cybercab in Texas and the Semi in Nevada starting in October. Mass production is targeted for 2026. The Cybercab is Tesla's upcoming autonomous electric vehicle designed without a steering wheel or pedals. It is part of a planned robotaxi service, with the car expected to cost under $30,000. Tesla is currently seeking state-level approvals to deploy the service across the US. The Semi, Tesla's electric truck, is also scheduled for scaled production in 2026, with deliveries to clients such as PepsiCo. The source cautioned that the situation remains fluid due to the Trump administration's unpredictable stance on trade. Tesla declined to comment. CEO Elon Musk has openly opposed tariffs and lobbied Trump to ease trade restrictions, citing delays in critical equipment imports needed for US factory expansion. CFO Vaibhav Taneja added that tariffs had negatively impacted Tesla's capital investment plans.
Miami Herald
15-04-2025
- Automotive
- Miami Herald
Waymo brings its robotaxis to a new city
Many people feel skeptical about getting into a car with no driver behind the wheel. But many experts believe robotaxis are the way of the future (and studies show a lot of regular riders are warming up to the technology, too). Tesla CEO Elon Musk has been one of the earliest high-profile voices to champion the technology, with promises made during Tesla's Q4 earnings call that a robotaxi service will debut in Austin, Texas this year. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter "We're going to be launching unsupervised Full Self-Driving as a paid service in Austin in June," Musk said. The service will use Tesla Model 3 and Model Y vehicles. The Tesla Cybercab, which Tesla first showed off in 2024 as a driverless option, will not be used just yet, as its production has been pushed back to 2026. Related: Waymo's ambitious robotaxi plan is a shot across Tesla's bow However, Musk isn't the only person exploring the space. Alphabet (GOOGL) -owned Waymo is also known for its robotaxis, and perhaps more notable, the company launched them years before Musk was able to debut his own. They can actually be used today in some states. Up until now, Waymo's self-driving vehicles have only been available in San Francisco, Phoenix, Austin, and Los Angeles. But now Waymo has confirmed that a city on its list will finally offer the driverless service. Waymo announced on April 15 that it would be bringing its "Waymo on Uber" program to Atlanta this summer. While Atlanta has been mentioned in the company's previous plans, this is the first time we are hearing specifics on when the service will make its debut. Waymo One on Uber will specifically be available in popular areas of Atlanta, including downtown, Buckhead, and Capitol View. Waymo says that this area will be expanded in the future. Related: Cruise collapse creates opportunity for big robotaxi rival Atlanta will also be the second city on Waymo's list to feature the co-branded Jaguar I-PACE vehicles. Uber opened an interest list on April 15 for interested parties to join. Both Uber and Waymo say that those on the list are most likely to be able to hail the driverless rides once the service launches. Signing up also increases customers' chances to secure early access to the rides before they launch for the public. Once the service launches in Atlanta this summer, you'll need to do more than just open the Uber app to find one. You'll need to update your Uber app to let it know you're open to the driverless experience. Go into your account, and then into your settings. Check out the "Ride Preferences" section. You can check off autonomous vehicles here and also join the interest list. Riders selected to try it will be notified by email. That means if you are chosen, soon enough you, too, will have the exciting and mildly haunting experience of watching your ride drive itself (it still gives this writer the shivers). A few more things to know: the price of hailing a robotaxi will be the same as the cost of taking an Uber X, and the price will be viewable in the app just as with any regular ride. If you're worried about what happens if you need help during the ride, you can ask for it both inside the vehicle or via the Uber app, and you will be able to talk to a human. Related: General Motors and Nvidia team up to revive its self-driving prospects The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Globe and Mail
25-03-2025
- Automotive
- Globe and Mail
Tesla Stock Rebounds: Here's What Daniel Ives Predicts Ahead
Tesla (NASDAQ:TSLA) shares have been mounting a strong rebound in recent sessions, including a ~12% gain today that helped trim some of their recent losses. Light Up your Portfolio with Spark: Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. The stock has been under pressure amid reports that sales are plunging globally, with consumers reportedly turning away from the brand. This isn't just typical downbeat sentiment; Tesla has faced widespread protests at its dealerships, with anger mounting toward CEO Elon Musk due to his involvement in the new Trump administration and his increasingly polarizing actions and statements. However, the recent stock rebound comes on the heels of a rare internal move – Musk has called a rare all-hands meeting, aiming to address internal concerns and reset the tone within the company. Wedbush analyst Daniel Ives sees this as a much-needed move from the embattled CEO, noting: 'This was a key moment for Musk and Tesla to show leadership and he did. We applaud Musk for 'reading the room' and showing important hand holding at this key time for employees and investors.' So, what was discussed at the meeting? Among the highlights, Musk shared that Tesla has completed its first Optimus robot in Fremont, with higher production volumes anticipated in 2026. He also said that a Tesla Cybercab will be produced every 5 seconds, compared to 35 seconds for the Model Y. 'This speaks to our view that we can see mass volume production of Cybercab in 2026 that could approach 200k-300k coming out of the gates in the first 12-18 months,' the analyst went on to say. Musk didn't stop there. He emphasized that the Model Y is on track to become the best-selling car in the world in 2025 for the third consecutive year. Meanwhile, construction of the Tesla Semi truck factory remains on schedule to wrap up this year. Musk also provided updates on gigacasting advancements, 4680 battery cell development, Tesla's supercomputing initiatives, and more. Given autonomous tech, FSD, robotics, and various other innovations are now on the horizon, Ives thinks Tesla's future is in 'many ways the brightest it's ever been.' While the challenges won't go away, and Musk and Telsa still need to 'navigate this volatile period,' the analyst believes the meeting could represent a turning point. 'If Musk continues to lead and execute on the vision outlined, we believe Tesla is on a path to an accelerated growth path over the coming years with 90% of the valuation being autonomous and robotics driven over the next 3 years in our view,' Ives summed up. Backing that conviction, Ives rates TSLA an Outperform (i.e. Buy), along with a Street-high $550 price target, implying shares will climb by a hefty 98% in the year ahead. (To watch Ives' track record, click here) The Street's average target sits at a more modest $335.32, suggesting about 20% upside. As for the analyst consensus, it's still mixed: with 14 Buys, 11 Holds, and 11 Sells, Tesla currently lands a Hold (i.e., Neutral) consensus rating. (See TSLA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Questions or Comments about the article? Write to editor@
Yahoo
09-03-2025
- Automotive
- Yahoo
What would Tesla be worth without Elon Musk?
In the weeks bracketing Donald Trump's victory on Nov. 5, Tesla's stock enjoyed one of the most explosive rides in the annals of publicly traded equities, gaining over 50% and almost half a trillion dollars in valuation in the span of just over a month. That surge reversed four years of poor performance for Tesla's shares as investors soured on the EV maker's weakening fundamentals and CEO Elon Musk's serial promises of fully self-driving cars and an inexpensive mass-market model that proved an ever-receding horizon. Then in October, Musk recharged his stock via a fresh pledge to start producing the long-awaited Tesla Cybercab by mid-2025. And investors reckoned that Musk's newfound, headline-grabbing status as the highest-profile member of the Trump economic team in heading the Department of Government Efficiency (DOGE), as well as his bromance with his boss, would somehow restore the buzz around Tesla. Musk appeared to be performing a never-before-seen coup in taming the federal bureaucracy. His early wins at the White House reminded folks and funds of the supposedly enduring Musk magic, and renewed belief in his epic vision for the EV giant. But in the last 10 weeks, the controversy Musk has unleashed in Europe now that he's center stage in the Trump administration, especially by backing far-right political parties, as well as terrible news from China, have crushed Tesla's shares, sending their prices back to where they started the takeoff, and retesting levels at the start of 2021. Put simply, Musk's failed promises are pushing investors to examine what they've long ignored—Tesla's bedrock value as a super-capital-intensive automaker—and ponder whether Musk's gauzy promises of things to come remotely justify its still-gigantic market cap. In reality, the math dictating the heroics Tesla must perform to deliver good returns from here looks impossible to achieve. So let's explore the company's worth as a maker of electric vehicles and batteries and separate out what we'll call the Musk Magic Premium, the extra market cap awarded for the "forthcoming" ventures Musk has failed to deliver but that still rally hordes of believers. We'll begin by posing arguably the top question in American business: What would Tesla be worth without Elon Musk? To answer that question, this writer used conventional guideposts to reach an accurate valuation based on the products and services Tesla currently produces and sells, sans the wonders Musk is predicting. To establish repeatable, durable numbers for earnings, I eliminated special items, notably the $589 million write-up for the Bitcoin trove on Tesla's books allowed by new accounting rules, and the almost $6 billion tax benefit in Q4 of 2023. I also removed estimated after-tax income from sale of regulatory credits to competing manufacturers, a sideline that Musk acknowledges will disappear, though the rate of decline remains uncertain. Using that template, Tesla posted fundamental earnings of $4.2 billion in 2024. To establish a reasonable market cap, we first need to set an appropriate price-to-earnings (P/E) ratio. For the 10 largest automakers outside of China, a group that encompasses Ford and GM in the U.S.; Stellantis, Mercedes-Benz, BMW, and Volkswagen in Europe; and Toyota, Hyundai, Nissan, and Suzuki in Asia, the average is 6.9; only Nissan beaks double-digits at 15.1. Still, a huge share of Tesla's sales flows from China, the world's fastest-growing EV market by far, and the Chinese players sport higher multiples than anywhere else, often 20 or above. So we'll give Tesla a P/E of 20, which is still three times the norm for carmakers outside the world's second-biggest economy. Multiply $4.2 billion by 20 and you get a market cap of $84 billion. But Tesla's valuation as of midafternoon on Monday, March 3, stood at $955 billion. Hence it's selling at 227 times its 2024 underlying profits (the cap of $955 billion divided by profits of $4.2 billion)—and that's after an historic selloff. Those adjusted earnings, by the way, are less than half the $11 billion, using the same metric, that Tesla recorded in 2022. This vaunted growth juggernaut is actually shrinking as a profitmaker. Investors are baking in tons of extra worth centered on great expectations that Musk will score on robotaxi fleets, and sales of FSV software to existing Tesla owners so they can run their cars like customer-owned Ubers and Lyfts when they're not driving them. That "Musk Sorcerer" bounty amounts to the difference, a staggering $873 billion (the $955 billion cap minus Tesla's status quo estimate of $82 billion). Of course, Tesla is the riskiest of stocks, as shown by its wildly careening chart since the election. Investors will want at least a 10% annual return to strap themselves in for the lurching ride. Since Tesla doesn't pay a dividend, reaching that number would require its stock price to double in seven years, from $282 today to around $564. We'll assume the share count remains at today's levels. In that scenario, the market cap would wax twofold as well, hitting $1.91 trillion by early 2032. Grab a quick Scotch. We need to make another assumption to posit the net profits goal seven years from now, and that's the "ending" P/E. We'll put the figure at 30, well above the S&P's multidecade average, and a mark that would still tag Tesla as a relative tech sprinter even after staging one of the fastest expansions ever witnessed. The earnings bogey for 2023 is thus $64 billion, the $1.91 billion valuation divided by a P/E of 30. Reaching the "target" of $64 billion mandates that profits jump 15-fold from today's $4.2 billion in the seven-year interval. That's a leap of15 times; Tesla's after-tax profits would need to increase at a compound rate of 47% per year. If Musk devotees succeed in driving Tesla stock back to anywhere near the all-time peak notched in December, the bar for future profit growth gets even more outrageous and unvaultable. The average annual earnings increases baked in at the pinnacle valuation of $1.57 trillion: 60% a year. The more Musk followers believe, the more impossible the challenge to reward them appears. The rub is that just when Tesla needs a booster rocket, its engines are fizzling. Last year, its basic total revenues from carmaking rose just $200 million or 0.2% over 2023, meaning they actually fell over two points adjusted for inflation. And this year has started badly: In January 2024 compared to the same amount last year, revenues tumbled 50% in Europe and 11% in China. Musk may succeed in making Tesla a far bigger enterprise by launching fleets of robotaxis to duel Uber and Waymo, and making and selling FSD software to its current owners. But gaining size isn't enough. It will take both loads of new capital investment and huge returns on each dollar Musk plows into new projects for Tesla to sound the horn. It's unclear that Tesla can generate sufficient profits on its own to finance Musk's blueprint. If not, he'll be forced to sell stock and raise debt. The more outside cash he marshals, the tougher his task becomes: As the share count grows, so does the total earnings above $64 billion needed to multiply the share price 15-fold by 2032, the requirement for handing investors less-than-stupendous annual gains of 10%. Musk must secure the huge rates of return on those investments, funded internally and if necessary externally, to furnish the quicksilver profit ramp built into the share price. Therein lies the fantasy. As Musk pours tens of billions into building Tesla-owned robotaxis and obtaining the data-center gear to operate the navigation equipment in the FSV fleets, he'll face plenty of competition from players developing and deploying AI to prosper in exactly the same futuristic ventures. That competition will compress his margins, and slow the flywheel that he effectively claims will keep spinning: a flow of fabulously profitable products that generate hoards of cash to hatch and make more fabulously profitable products. Musk recently claimed Tesla could hike earnings 10-fold in the next five years. He's right in auguring what it will take to reward shareholders. He's just not showing much sign of getting there. As Musk flamboyantly attacks "fraud, waste, and abuse" from his perch in the White House, he's short on showing tangible proof from the plant floors in Austin, Berlin, and Shanghai that he's mounted a credible plan. America's "Music Man" is still garnering a huge Musk Magic, Oscar-worthy premium for Tesla's shares. As Musk attacks the perceived ills of the U.S. economy, Tesla's woes just keep growing. This story was originally featured on Sign in to access your portfolio
Yahoo
30-01-2025
- Automotive
- Yahoo
Tesla earnings live updates: Investors seek details on self-driving initiatives, robotaxis
Tesla will release its fourth-quarter earnings after the closing bell on Wednesday. Shares in the electric-vehicle maker were down 1.4% year-to-date through Tuesday. Investors are on high alert for key details on self-driving initiatives and robotaxis. Tesla will report fourth-quarter earnings on Wednesday after the closing bell. Wall Street is bullish headed into the results, with excitement growing for the EV maker's AI inroads. Investors will be listening for updates on self-driving initiatives, robotaxis, and cheaper vehicle models. Tesla's earnings-release time is roughly 4:30 p.m. ET, and its conference call with analysts will start around 5:30 p.m. Tesla's stock was down 1.4% year-to-date through Tuesday's close, lagging the the S&P 500's 3% gain. Morningstar: Robotaxi rollout will take longer, stock is overvalued Although Tesla sold off this week on the supposed threat of AI competition from DeepSeek, Morningstar doesn't consider the upstart AI tool a significant risk: Tesla's software advantage comes from billions of miles worth of FSD testing, it said. However, Tesla stock is still considerably overvalued, Morningstar said. Investors may need to brace for deliveries to disappoint, as the production of new, low-cost car models will take longer than projected. Similarly, the Robotaxi launch will be delayed beyond the firm's 2026 timeline, given that the needed software will require improvements. Morningstar maintains a "narrow moat" rating for Tesla, and holds a fair value estimate of $210 per share. Wedbush Securities: White House policy will clear the way for a golden age. Tesla is bound for a golden era of growth as friendly White House policies will fast-track the firm's autonomous driving and AI initiatives, says Wedbush Securities analyst Dan Ives. The company's tech efforts will start to show in its valuation over the next 12-18 months, helped by FSD and the Tesla Cybercab. "We believe Tesla remains the most undervalued AI play in the market today." According to Ives, investors can expect solid delivery demand this year driven by China. Together with the firm's autonomous vision, Tesla could reach a $2 trillion market cap by the end of 2025. Wedbush Securities maintained an "outperform" rating on Tesla. It raised the price target to $550, over 41% higher than the stock's current level. Morgan Stanley: Tesla is an "embodied AI ETF." Tesla is set for a strong fourth-quarter report, underscored by inventory-supported free cash flows and the potential for deferred revenue tied to full self-driving. Morgan Stanley expects most attention to fall on Tesla's announcements regarding AI and automation, including Cybercab deployment, an "AI Day," and progress on the firm's humanoid "Optimus" robot. Given its many tech projects, investors can treat Tesla as an "embodied AI 'ETF,'" the bank said. In this role, it will benefit from White House policies that will likely boost domestic AI business. "Tesla's role in helping to 'fill the void' of next gen manufacturing and supply chain will be an increasingly consequential driver of growth and shareholder value," wrote equity analyst Adam Jonas. Morgan Stanley has an "overweight" rating on Tesla with a $430 price target, implying nearly 10% upside from Wednesday's stock price. RBC: Wider adoption of FSD to lead to higher margins. Although Tesla's latest deliveries numbers disappointed earlier this month, RBC is gearing for deliveries to be a bright spot for the EV maker in 2025. The introduction of affordable models in the first half of the year will help deliveries create a $2.7 billion boost to gross profits, though lower pricing will create a billion-dollar offset. More immediate catalysts revolve around Tesla's achievements in autonomy. "While we do think the new administration could help with federal deregulation of self-driving vehicles, ultimately, the success of Tesla's autonomy ambitions, especially as it relates to robotaxis, will come from how well [full-self driving] develops," the bank wrote. Wider adoption of FSD would lead to higher margins in the near term. This isn't impossible, and could happen with help from price cuts, RBC said. RBC has an "outperform" rating on Tesla stock and a price target of $440, about 12% above current levels. Tesla earnings expectations: Fourth-quarter adjusted EPS estimate is $0.75 Fourth quarter Adjusted EPS estimate: $0.75 EPS estimate: $0.67 Revenue estimate: $27.21 billion Gross margin estimate: 18.9% Operating income estimate: $2.68 billion Free cash flow estimate: $1.75 billion Capital expenditure estimate: $2.72 billion Full year Production estimate: 2.15 million Deliveries estimate: 2.07 million Capital expenditure estimate: $10.72 billion Source: Bloomberg data Read the original article on Business Insider Sign in to access your portfolio
