Sad to say, it was really lack

Sad to say, it was really lacklustre an event on 10/10 without much specifics and those which he introduced were not something investors haven't heard before and timeline seemed just too far away to warrant 75 times P/E. I think going forward, EM has to put more pressure into more concrete timeline to launching robotaxi amid difficult regulations the company is facing! These are headwinds and more to come in other parts of the world!

Robotaxi Flop Leaves Tesla’s Lofty Stock Multiple Looking Shaky

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{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":361423194132664,"tweetId":"361423194132664","gmtCreate":1729257959285,"gmtModify":1729770778686,"author":{"id":3576157343730083,"idStr":"3576157343730083","authorId":3576157343730083,"authorIdStr":"3576157343730083","name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":55,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Sad to say, it was really lacklustre an event on 10/10 without much specifics and those which he introduced were not something investors haven't heard before and timeline seemed just too far away to warrant 75 times P/E. I think going forward, EM has to put more pressure into more concrete timeline to launching robotaxi amid difficult regulations the company is facing! These are headwinds and more to come in other&nbsp;parts of the world!</p></body></html>","htmlText":"<html><head></head><body><p>Sad to say, it was really lacklustre an event on 10/10 without much specifics and those which he introduced were not something investors haven't heard before and timeline seemed just too far away to warrant 75 times P/E. I think going forward, EM has to put more pressure into more concrete timeline to launching robotaxi amid difficult regulations the company is facing! These are headwinds and more to come in other&nbsp;parts of the world!</p></body></html>","text":"Sad to say, it was really lacklustre an event on 10/10 without much specifics and those which he introduced were not something investors haven't heard before and timeline seemed just too far away to warrant 75 times P/E. I think going forward, EM has to put more pressure into more concrete timeline to launching robotaxi amid difficult regulations the company is facing! These are headwinds and more to come in other parts of the world!","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/361423194132664","repostId":2476748407,"repostType":2,"repost":{"id":"2476748407","pubTimestamp":1729252193,"share":"https://www.laohu8.com/m/news/2476748407?lang=&edition=full","pubTime":"2024-10-18 19:49","market":"us","language":"en","title":"Robotaxi Flop Leaves Tesla’s Lofty Stock Multiple Looking Shaky","url":"https://stock-news.laohu8.com/highlight/detail?id=2476748407","media":"Bloomberg","summary":"Tesla Inc.’s reveal of its much-hyped self-driving car last week left investors underwhelmed and sent shares plunging. The disappointment also left the Street questioning the shares’ premium valuation.","content":"<html><head></head><body><p> <a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>’s reveal of its much-hyped self-driving car last week left investors underwhelmed and sent shares plunging. The disappointment also left the Street questioning the shares’ premium valuation. </p><p>The so-called robotaxi is a dazzling promise that has been crucial to keeping Tesla’s stock at lofty heights. It’s also a key part of Elon Musk’s vision for the artificial-intelligence driven future of his company. But with numerous questions remaining about technical details of the vehicles and when they will be available, the shares — trading at 75 times forward earnings — are looking expensive to some.</p><p>“This is still a carrot on a string,” said Steve Sosnick, chief strategist at Interactive Brokers. “How many new investors will be willing to buy this expensive stock when the core auto business is slow and the company did not show how it will bring the rapid growth in the future?”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dbf864b13f5e29886d3da30dbe5c36c0\" tg-width=\"1200\" tg-height=\"675\"/></p><p>Tesla investors have a lot riding on the success of autonomous vehicles. Bernstein analyst Toni Sacconaghi estimates that Tesla’s core electric-vehicle business is likely worth less than $200 billion, suggesting its market capitalization reflects a value of about $600 billion for other endeavors, such as the robotaxi and the Optimus humanoid robot.</p><p>The shares are down 7.5% since the splashy October 10 event, but that’s barely dented the premium. Tesla is by far the most expensive stock in the Magnificent 7, and dwarfs the mid-single-digit multiples of traditional carmakers like  <a href=\"https://laohu8.com/S/GM\">General Motors</a> and  <a href=\"https://laohu8.com/S/F\">Ford</a>. It’s also much pricier than the Nasdaq 100’s multiple of 26 times forward earnings.</p><p>“What worries me the most about Tesla’s valuation is how do you grow into a 75-times price-to-earnings multiple,” said Interactive Brokers’ Sosnick. “The only way you can is if you have a world-changing technology, which they once did, but the current valuation requires a similarly major leap forward.”</p><p>Last week’s glitzy event failed to inspire confidence that such a major leap is coming anytime soon. In the meantime, slowing demand for electric vehicles around the world and rising competition are hitting its sales and profits.</p><p>“Tesla’s robotaxi event was long on vision, and short on immediate deliverables or incremental revenue drivers,” Bernstein’s Sacconaghi wrote in a note. The company showed prototypes of a two-door sedan called the Cybercab, a concept van and an updated version of Optimus, but lacked key details that investors had wanted to see. Those included how Tesla will move from selling advanced driver-assistance features to fully autonomous vehicles, its path to regulatory approval, and evidence that it is comfortably ahead of rivals like  <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>’s Waymo.</p><p>There were other kinks, too. The robotaxi will “probably” go into production only in 2026. And Bloomberg reported earlier this week humans remotely controlled some capabilities of the robots at the event. </p><p>Sacconaghi noted that Tesla continues to lag well behind competitors when it comes to self-driving technology, and expressed concern that even if it becomes the first to achieve full self-driving, rivals will likely follow soon.</p><p>“We do not believe the event provided sufficient detail to assuage our concerns, and believe the same is likely true for many investors,” he wrote.</p><p>To be sure, there are some that are still willing to give Tesla the benefit of the doubt. </p><p>“First and foremost, Tesla is a Musk company,” said Nicholas Colas, co-founder at DataTrek Research. “As long as Musk is alive and generating ideas and having success in other businesses, people will say if this guy can have a rocket return to a pinpoint, of course he can solve self-driving.”</p><p>Still, after a 70% rally ahead of the robotaxi event, things are looking challenging for Tesla shares. </p><p>The next catalyst to watch is third-quarter results, due next week, when analysts expect the company to report a 10% decline in profits from year-ago levels.</p><p>“In the near-term, what would worry us will be any substantial weakness in car sales, which is still the bread and butter for Tesla,” said Brian Mulberry, client portfolio manager at Zacks Investment Management. </p><p></p></body></html>","source":"bnn_bloomberg_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robotaxi Flop Leaves Tesla’s Lofty Stock Multiple Looking Shaky</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobotaxi Flop Leaves Tesla’s Lofty Stock Multiple Looking Shaky\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-18 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-10-18/robotaxi-flop-leaves-tesla-s-lofty-stock-multiple-looking-shaky><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Motors’s reveal of its much-hyped self-driving car last week left investors underwhelmed and sent shares plunging. The disappointment also left the Street questioning the shares’ premium ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-10-18/robotaxi-flop-leaves-tesla-s-lofty-stock-multiple-looking-shaky\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","BK4550":"红杉资本持仓","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4573":"虚拟现实","GM":"通用汽车","BK4538":"云计算","BK4527":"明星科技股","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","BK4579":"人工智能","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","GOOGL":"谷歌A","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4511":"特斯拉概念","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0056508442.USD":"贝莱德世界科技基金A2","BK4514":"搜索引擎","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","F":"福特汽车","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","TSLA":"特斯拉","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4576":"AR","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD"},"source_url":"https://www.bloomberg.com/news/articles/2024-10-18/robotaxi-flop-leaves-tesla-s-lofty-stock-multiple-looking-shaky","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2476748407","content_text":"Tesla Motors’s reveal of its much-hyped self-driving car last week left investors underwhelmed and sent shares plunging. The disappointment also left the Street questioning the shares’ premium valuation. The so-called robotaxi is a dazzling promise that has been crucial to keeping Tesla’s stock at lofty heights. It’s also a key part of Elon Musk’s vision for the artificial-intelligence driven future of his company. But with numerous questions remaining about technical details of the vehicles and when they will be available, the shares — trading at 75 times forward earnings — are looking expensive to some.“This is still a carrot on a string,” said Steve Sosnick, chief strategist at Interactive Brokers. “How many new investors will be willing to buy this expensive stock when the core auto business is slow and the company did not show how it will bring the rapid growth in the future?”Tesla investors have a lot riding on the success of autonomous vehicles. Bernstein analyst Toni Sacconaghi estimates that Tesla’s core electric-vehicle business is likely worth less than $200 billion, suggesting its market capitalization reflects a value of about $600 billion for other endeavors, such as the robotaxi and the Optimus humanoid robot.The shares are down 7.5% since the splashy October 10 event, but that’s barely dented the premium. Tesla is by far the most expensive stock in the Magnificent 7, and dwarfs the mid-single-digit multiples of traditional carmakers like  General Motors and  Ford. It’s also much pricier than the Nasdaq 100’s multiple of 26 times forward earnings.“What worries me the most about Tesla’s valuation is how do you grow into a 75-times price-to-earnings multiple,” said Interactive Brokers’ Sosnick. “The only way you can is if you have a world-changing technology, which they once did, but the current valuation requires a similarly major leap forward.”Last week’s glitzy event failed to inspire confidence that such a major leap is coming anytime soon. In the meantime, slowing demand for electric vehicles around the world and rising competition are hitting its sales and profits.“Tesla’s robotaxi event was long on vision, and short on immediate deliverables or incremental revenue drivers,” Bernstein’s Sacconaghi wrote in a note. The company showed prototypes of a two-door sedan called the Cybercab, a concept van and an updated version of Optimus, but lacked key details that investors had wanted to see. Those included how Tesla will move from selling advanced driver-assistance features to fully autonomous vehicles, its path to regulatory approval, and evidence that it is comfortably ahead of rivals like  Alphabet’s Waymo.There were other kinks, too. The robotaxi will “probably” go into production only in 2026. And Bloomberg reported earlier this week humans remotely controlled some capabilities of the robots at the event. Sacconaghi noted that Tesla continues to lag well behind competitors when it comes to self-driving technology, and expressed concern that even if it becomes the first to achieve full self-driving, rivals will likely follow soon.“We do not believe the event provided sufficient detail to assuage our concerns, and believe the same is likely true for many investors,” he wrote.To be sure, there are some that are still willing to give Tesla the benefit of the doubt. “First and foremost, Tesla is a Musk company,” said Nicholas Colas, co-founder at DataTrek Research. “As long as Musk is alive and generating ideas and having success in other businesses, people will say if this guy can have a rocket return to a pinpoint, of course he can solve self-driving.”Still, after a 70% rally ahead of the robotaxi event, things are looking challenging for Tesla shares. The next catalyst to watch is third-quarter results, due next week, when analysts expect the company to report a 10% decline in profits from year-ago levels.“In the near-term, what would worry us will be any substantial weakness in car sales, which is still the bread and butter for Tesla,” said Brian Mulberry, client portfolio manager at Zacks Investment Management.","news_type":1},"isVote":1,"tweetType":1,"viewCount":138,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TSLA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":363,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/361423194132664"}