Is Tesla Just a Car Company?

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Is Tesla Just a Car Company?

Motley Fool05-04

Tesla's energy storage business just reported record sales and profit, and management expects that strength to continue. Its autonomous driving software has collected over 1.3 billion miles of ...

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Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla's energy storage business just reported record sales and profit, and management expects that strength to continue.\n\n\n\n\n\n\n\nIts autonomous driving software has collected over 1.3 billion miles of ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/05/04/is-tesla-just-a-car-company/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0820562030.AUD","symbol_name":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 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SGD","BK4585":"ETF&股票定投概念","LU0234572021.USD":"高盛美国核心股票组合Acc"},"translate_title":"特斯拉只是一家汽车公司吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLL":1,"TSLA":1},"content_text":"Tesla's energy storage business just reported record sales and profit, and management expects that strength to continue.\n\n\n\n\n\n\n\nIts autonomous driving software has collected over 1.3 billion miles of driver data, providing the company with a massive edge over the competition.\n\n\n\n\n\n\n\nOngoing investments in robotics could be a game-changer as the company looks for efficiencies in vehicle production. \n\nOne of the biggest knocks against electric vehicle (EV) maker Tesla (TSLA 0.66%) is the idea it's just a car company, not a tech giant that deserves a place among the Magnificent Seven.Indeed, EV sales account for the large majority of Tesla's revenue. However, besides the massive potential behind opportunities like artificial intelligence (AI) that bullish investors may point to, the company has an existing energy storage business too.Let's explore some of Tesla's capabilities outside of manufacturing EVs and assess what the company could look like in the long run.The energy storage business is building momentumTesla's energy storage business revolves around the company's Megapack battery. The table below illustrates how this segment has been trending over the last several quarters:CategoryQ1 2024Q4 2023Q3 2023Q2 2023Q1 2023Energy generation and storage revenue$1.64 billion$1.44billion$1.56billion$1.51 billion$1.53 billionData source: Tesla Investor Relations.During the first quarter of 2024, this segment generated both record revenue and gross profit.These details around Tesla's other operating segments often go overlooked as investors and Wall Street analysts focus on the company's vehicle production and delivery figures.However, the relatively high margins of the energy storage business could unlock some lucrative growth for Tesla as the company combats a particularly challenging EV market right now.During the most recent earnings call, Tesla CEO Elon Musk hinted at even further penetration of the Megapack, stating that energy storage will grow \"significantly faster than the car business as we expected.\"Self-driving technology will be lucrativePerhaps the biggest effort underway at Tesla is autonomous driving. Big tech stalwart Alphabet and legacy automaker General Motors are both investing heavily in self-driving technology as well. However, Tesla is also a leader in the space.Tesla's autonomous driving software, full self driving (FSD), has collected over 1.3 billion miles of driver data -- more than any other competing platform.There are two opportunities behind FSD that investors should understand. First, if Tesla is the first mainstream vehicle manufacturer to include a 100% self-driving capability in its vehicles, this could provide the company with a massive edge when it comes to overall demand. In theory, such technology should eventually lead to an influx of new Tesla owners.The other reason FSD has so much potential is Tesla's ability to license its tech to other car companies. For automakers that do not want to invest in developing their own autonomous driving platform, they could pay Tesla a fee to integrate its technology into their cars.This would be a recurring source of revenue with high margins -- an enormous opportunity for Tesla in the long run.Moreover, while large scale commercialization of self-driving cars is likely still years away, Musk has teased that investors are in store for a big surprise later this year as it relates to the company's autonomous driving ambitions.Advanced robotics could be here soonAnother AI-related opportunity lies in robotics, and Tesla is just one of many companies aggressively seeking out areas this technology can enhance its business.Namely, the most exciting application is humanoid robots, trained through generative AI, to perform basic tasks currently done by humans.At scale, integrating humanoid robots into settings such as manufacturing, warehousing, and logistics could lead to widespread efficiencies across the labor market. For Tesla, the company believes its Optimus bot could be \"in limited production in the natural factory itself, doing useful tasks before the end of this year.\" Moreover, Musk believes \"we may be able to sell it externally by the end of next year.\"While this is exciting, it's important to note there is no guarantee Optimus will be up and running this year. Musk has a well-known history of announcing overzealous deadlines and missing them.The bottom lineAt the end of the day, EVs may be Tesla's current bread and butter. But there's no denying the nascent parts of this company are key to its growth story, and its most lucrative long-term prospects all revolve around AI. Investors have good reasons to remain bullish that Tesla can expand far beyond the core EV business.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}