Tesla: Robotaxi Hype Might Not Turn It Around

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Tesla: Robotaxi Hype Might Not Turn It Around

seekingalpha06-20

I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?Shareholders...

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Randomppl
·06-21
It's 8/8 because the robotaxi release is going to be in china. 8 is a lucky number for the Chinese
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Dr Rck
·06-20
Think the next quarterly report will show a dip in the overall health of TSLA but as usual his fans would like to see how his plan turns out on 8/8. And I don't think it will be allowed to drop even if deliveries are far off. EM just need to say something like 'it is going well...' will propel the share upward! His influence is tremendous regardless.
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Guavaxf30
·06-20
I share the same sentiment. Previously Elon Musk touted the huge rewards from Cybertruck, and before that the Charging Networks and the Roadsters. Also the flat-trucks. The only one that actually went into commercial production is the Cybertruck. The others are still developing or stopped. So now, he is talking up Robotaxi and Optimal. And also saying Tesla is not an EV company. if Tesla only source of revenue is EV, how is it not an EV company?
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Emotional Investor
·06-20
Nuts mate, a lot to take in with your post, and I for one agree with everything you are saying. All I would add is self driving and robo taxis, needs serious work to not only move beyond a poor approval, but also get approval... serious government approval needed but where is the information on what Tesla Is actually doing to gain said approval. The second point I'd make is yes. Elon has everything to gain from his new salary package. But what has he got to loose if it all goes pair shaped, just saying
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Is the decline over?Shareholders...</p>\n\n<a href=\"https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around\">Source Link</a>\n\n</div>\n","source":"seekingalpha","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>Tesla: Robotaxi Hype Might Not Turn It Around</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\">\nTesla: Robotaxi Hype Might Not Turn It Around\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-20 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?Shareholders...</p>\n\n<a href=\"https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around\">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":"BK4511","symbol_name":"特斯拉概念","start_time":0,"source_url":"https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around","article_id":"2444840591","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2444840591","pubTimestamp":1718855518,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.Tesla stock fell toward the $140 zone but bottomed soon after. 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Is the decline over?Shareholders reapproved CEO Elon Musk's 2018 compensation package, but legal challenges remain.Investors should be cautious about Tesla's hype surrounding Robotaxi Day, given Tesla's growth premium.I argue why cracks are building up underneath the surface, suggesting Tesla investors must brace for more pain.Apu Gomes/Getty Images NewsMy Tesla Stock Caution Panned OutI cautioned Tesla, Inc. (NASDAQ:TSLA) investors about adding ahead of TSLA's Q1 earnings release, as it seemed increasingly likely to re-test its $150 support zone. My caution on TSLA panned out, as it fell toward the $140 zone before bottoming. However, Tesla buyers appeared to have shaken off its relatively weak Q1 performance. In addition, CEO Elon Musk won a crucial confidence vote as shareholders voted overwhelmingly in favor of reapproving Musk's 2018 compensation package. As a result, I assess that the opportunity for me to provide an update for TSLA investors is timely.Tesla investors should note that TSLA stock is still down more than 30% over the past year, significantly underperforming the S&P 500 (SP500, SPX, SPY). Therefore, the market has continued to take out new all-time highs, while TSLA buyers haven't returned aggressively to lift TSLA's expensive valuation multiples.Elon Musk's Pay Is Approved, But Challenges Not OverMoreover, investors must note that the recent shareholder approval hasn't reinstated the judge's decision to invalidate Musk's 2018 pay package. As a result, investors must continue monitoring the legal developments as Tesla looks to potentially appeal the court's decision. Despite that, it should assure investors that Musk's focus should remain on Tesla. Musk emphasized that he \"can't cut and run, nor would [he] want to,\" as Musk is required to \"hold on to his stock options for five years.\"It's arguable that TSLA's long-term valuation is predicated on Elon Musk's ability to build on Tesla's breathtaking success. However, the EV market has become increasingly crowded as automakers vie for market share while navigating challenging macroeconomic conditions. Even Tesla wasn't spared, as the leading EV maker reported negative free cash flow in Q1.I believe Tesla investors understand that the market is placing a huge emphasis on Musk to deliver Tesla's autonomous driving ambitions. Based on Ark Invest's 2029 base case target price of $2,600 on Tesla, \"nearly 90% of Tesla's enterprise value and earnings by 2029 are expected to come from the robotaxi business.\" Musk has also attempted to hype Tesla's growth opportunities in Robotaxi and Optimus robots as Tesla's EV growth slowed. As a result, investors are likely still assessing whether Musk could lift TSLA's re-rating potential at its upcoming Robotaxi Day on August 8.Wedbush's Dan Ives underscores the pivotal event as a \"key historical moment\" for Elon Musk and his team. However, investors are urged not to throw caution to the wind, as Tesla hasn't looked closer to solving TSLA's vision-only FSD autonomous driving technology. As a reminder, Tesla believes that its vision-only approach is superior and provides \"the lowest cost and most scalable way forward.\"Tesla Investors Are Banking On Robotaxi HypeNotwithstanding Tesla's optimism, a recent March ranking by The Insurance Institute for Highway Safety rates Tesla's ADAS system poorly. Only Lexus of Toyota Motor Corporation (TM) ADAS was given an \"acceptable\" grade, while General Motors Company (GM) and Nissan Motor Co., Ltd. (OTCPK:NSANY) received \"marginal\" grades for their systems. 11 others (including Tesla) received \"poor\" ratings. Therefore, the study highlights the inadequacy of the current platforms in solving the complexities of real-world autonomous driving. IIHS didn't mince its words as the independent group articulated: \"These results are worrying, considering how quickly vehicles with these partial automation systems are hitting our roadways.\"Ark Invest Vs. Wall Street price target for TSLA (Barron's )Consequently, I urge investors to be cautious about buying into the hype that Musk and Ark are trying to drum up as we draw closer to Tesla's Robotaxi Day. Musk is smart enough to know that TSLA needs investors to stay on board with him as Tesla navigates immense challenges to solve and achieve Ark's 2029 base case thesis on TSLA. However, investors should note the increasing bifurcation in TSLA price targets between Ark Invest and Wall Street. Investors must also assess Tesla's ability to achieve growth inflection from 2025 as it's pivotal to recover TSLA's bullish momentum.Tesla margins estimates % (TIKR)As seen above, Tesla's profitability margins are expected to bottom in 2024. Therefore, Wall Street has likely priced in a more robust recovery from 2025. Despite that, Tesla's estimates have been downgraded, underscoring the challenges bedeviling Tesla and its EV peers. Given the outperformance of GM stock over TSLA in 2024, the market has likely reallocated to the legacy OEMs, given their more well-diversified lineup across ICE, hybrid, and pure-play EVs.BloombergNEF downgraded its EV growth estimates through 2026, suggesting the challenges are expected to persist. Coupled with the uncertainties surrounding Tesla's $25K EV program, I assess that a substantial valuation re-rating thesis in TSLA stock could be too aggressive.TSLA is valued at a forward adjusted PEG ratio of 6.6, well above its sector median of 1.51. Therefore, Tesla investors must be willing to bet on Elon Musk's ability to realize its autonomous driving and Robotaxi ambitions. However, even Berkshire Hathaway Inc.'s (BRK.A, BRK.B) Ajit Jain thinks Tesla investors could be too optimistic. He highlighted that \"Tesla has yet to be successful with this automation effort.\" However, have dip-buyers been willing to buy TSLA's steep pullbacks, paving the way for momentum buyers to return more confidently?Is TSLA Stock A Buy, Sell, Or Hold?TSLA price chart (weekly, medium-term) (TradingView)TSLA's price chart is showing mixed signals. A closer inspection suggests a downtrend signal seems to be building up. However, TSLA dip-buyers held its recent bottom above the pivotal $150 zone, making a higher low against January 2023's lows.However, I must highlight that TSLA has already slid into a downtrend, indicating increasingly bearish momentum. Short sellers looking to turn bearish on TSLA are reminded to be wary, as Musk could drive more investor hype heading into its upcoming Robotaxi Day.Bullish Tesla, Inc. investors must be cautious about expecting a significant valuation re-rating from the current levels, given the persistent headwinds faced by the EV industry. Therefore, I find it increasingly challenging to expect TSLA to outperform within the next 12 to 18 months.Rating: Maintain Hold.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":319239438000144,"gmtCreate":1718952864545,"gmtModify":1718953889791,"author":{"id":"4111232971853322","authorId":"4111232971853322","name":"Randomppl","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"It's 8/8 because the robotaxi release is going to be in china. 8 is a lucky number for the Chinese&nbsp;","listText":"It's 8/8 because the robotaxi release is going to be in china. 8 is a lucky number for the Chinese&nbsp;","text":"It's 8/8 because the robotaxi release is going to be in china. 8 is a lucky number for the Chinese","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/319239438000144","repostId":2444840591,"repostType":2,"repost":{"id":"2444840591","pubTimestamp":1718855518,"share":"https://www.laohu8.com/m/news/2444840591?lang=&edition=full","pubTime":"2024-06-20 11:51","market":"nz","language":"en","title":"Tesla: Robotaxi Hype Might Not Turn It Around","url":"https://stock-news.laohu8.com/highlight/detail?id=2444840591","media":"seekingalpha","summary":"I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?","content":"<html><head></head><body><ul style=\"\"><li><p>I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.</p></li><li><p>Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?</p></li><li><p>Shareholders reapproved CEO Elon Musk&#39;s 2018 compensation package, but legal challenges remain.</p></li><li><p>Investors should be cautious about Tesla&#39;s hype surrounding Robotaxi Day, given Tesla&#39;s growth premium.</p></li><li><p>I argue why cracks are building up underneath the surface, suggesting Tesla investors must brace for more pain.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dfc6799709ce69e11f22e921a343a8a6\" tg-width=\"594\" tg-height=\"396\"/></p><p>Apu Gomes/Getty Images News</p><p></p><h2 id=\"id_4148329521\">My Tesla Stock Caution Panned Out</h2><p>I cautioned <strong>Tesla, Inc.</strong> (NASDAQ:TSLA) investors about adding ahead of TSLA&#39;s Q1 earnings release, as it seemed increasingly likely to re-test its $150 support zone. My caution on TSLA panned out, as it fell toward the $140 zone before bottoming. However, Tesla buyers appeared to have shaken off its relatively weak Q1 performance. In addition, CEO Elon Musk won a crucial confidence vote as shareholders voted overwhelmingly in favor of reapproving Musk&#39;s 2018 compensation package. As a result, I assess that the opportunity for me to provide an update for TSLA investors is timely.</p><p>Tesla investors should note that TSLA stock is still down more than 30% over the past year, significantly underperforming the S&amp;P 500 (SP500, SPX, SPY). Therefore, the market has continued to take out new all-time highs, while TSLA buyers haven&#39;t returned aggressively to lift TSLA&#39;s expensive valuation multiples.</p><h2 id=\"id_4060217630\">Elon Musk&#39;s Pay Is Approved, But Challenges Not Over</h2><p>Moreover, investors must note that the recent shareholder approval hasn&#39;t reinstated the judge&#39;s decision to invalidate Musk&#39;s 2018 pay package. As a result, investors must continue monitoring the legal developments as Tesla looks to potentially appeal the court&#39;s decision. Despite that, it should assure investors that Musk&#39;s focus should remain on Tesla. Musk emphasized that he &#34;can&#39;t cut and run, nor would [he] want to,&#34; as Musk is required to &#34;hold on to his stock options for five years.&#34;</p><p>It&#39;s arguable that TSLA&#39;s long-term valuation is predicated on Elon Musk&#39;s ability to build on Tesla&#39;s breathtaking success. However, the EV market has become increasingly crowded as automakers vie for market share while navigating challenging macroeconomic conditions. Even Tesla wasn&#39;t spared, as the leading EV maker reported negative free cash flow in Q1.</p><p>I believe Tesla investors understand that the market is placing a huge emphasis on Musk to deliver Tesla&#39;s autonomous driving ambitions. Based on Ark Invest&#39;s 2029 base case target price of $2,600 on Tesla, &#34;nearly 90% of Tesla&#39;s enterprise value and earnings by 2029 are expected to come from the robotaxi business.&#34; Musk has also attempted to hype Tesla&#39;s growth opportunities in Robotaxi and Optimus robots as Tesla&#39;s EV growth slowed. As a result, investors are likely still assessing whether Musk could lift TSLA&#39;s re-rating potential at its upcoming Robotaxi Day on August 8.</p><p>Wedbush&#39;s Dan Ives underscores the pivotal event as a &#34;key historical moment&#34; for Elon Musk and his team. However, investors are urged not to throw caution to the wind, as Tesla hasn&#39;t looked closer to solving TSLA&#39;s vision-only FSD autonomous driving technology. As a reminder, Tesla believes that its vision-only approach is superior and provides &#34;the lowest cost and most scalable way forward.&#34;</p><h2 id=\"id_133438469\">Tesla Investors Are Banking On Robotaxi Hype</h2><p>Notwithstanding Tesla&#39;s optimism, a recent March ranking by The Insurance Institute for Highway Safety rates Tesla&#39;s ADAS system poorly. Only Lexus of Toyota Motor Corporation (TM) ADAS was given an &#34;acceptable&#34; grade, while General Motors Company (GM) and Nissan Motor Co., Ltd. (OTCPK:NSANY) received &#34;marginal&#34; grades for their systems. 11 others (including Tesla) received &#34;poor&#34; ratings. Therefore, the study highlights the inadequacy of the current platforms in solving the complexities of real-world autonomous driving. IIHS didn&#39;t mince its words as the independent group articulated: &#34;These results are worrying, considering how quickly vehicles with these partial automation systems are hitting our roadways.&#34;</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b43fb181046cdbaf34eb1498acd2e53e\" tg-width=\"640\" tg-height=\"428\"/></p><p>Ark Invest Vs. Wall Street price target for TSLA (Barron&#39;s )</p><p></p><p>Consequently, I urge investors to be cautious about buying into the hype that Musk and Ark are trying to drum up as we draw closer to Tesla&#39;s Robotaxi Day. Musk is smart enough to know that TSLA needs investors to stay on board with him as Tesla navigates immense challenges to solve and achieve Ark&#39;s 2029 base case thesis on TSLA. However, investors should note the increasing bifurcation in TSLA price targets between Ark Invest and Wall Street. Investors must also assess Tesla&#39;s ability to achieve growth inflection from 2025 as it&#39;s pivotal to recover TSLA&#39;s bullish momentum.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8aabc2a4661121c9963159cf8f95d2f6\" tg-width=\"640\" tg-height=\"384\"/></p><p>Tesla margins estimates % (TIKR)</p><p></p><p>As seen above, Tesla&#39;s profitability margins are expected to bottom in 2024. Therefore, Wall Street has likely priced in a more robust recovery from 2025. Despite that, Tesla&#39;s estimates have been downgraded, underscoring the challenges bedeviling Tesla and its EV peers. Given the outperformance of GM stock over TSLA in 2024, the market has likely reallocated to the legacy OEMs, given their more well-diversified lineup across ICE, hybrid, and pure-play EVs.</p><p>BloombergNEF downgraded its EV growth estimates through 2026, suggesting the challenges are expected to persist. Coupled with the uncertainties surrounding Tesla&#39;s $25K EV program, I assess that a substantial valuation re-rating thesis in TSLA stock could be too aggressive.</p><p>TSLA is valued at a forward adjusted PEG ratio of 6.6, well above its sector median of 1.51. Therefore, Tesla investors must be willing to bet on Elon Musk&#39;s ability to realize its autonomous driving and Robotaxi ambitions. However, even Berkshire Hathaway Inc.&#39;s (BRK.A, BRK.B) Ajit Jain thinks Tesla investors could be too optimistic. He highlighted that &#34;Tesla has yet to be successful with this automation effort.&#34; However, have dip-buyers been willing to buy TSLA&#39;s steep pullbacks, paving the way for momentum buyers to return more confidently?</p><h2 id=\"id_3575625280\">Is TSLA Stock A Buy, Sell, Or Hold?</h2><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0467ce1c6a6e6c24e8c43c8cf11d906f\" tg-width=\"640\" tg-height=\"394\"/></p><p>TSLA price chart (weekly, medium-term) (TradingView)</p><p></p><p>TSLA&#39;s price chart is showing mixed signals. A closer inspection suggests a downtrend signal seems to be building up. However, TSLA dip-buyers held its recent bottom above the pivotal $150 zone, making a higher low against January 2023&#39;s lows.</p><p>However, I must highlight that TSLA has already slid into a downtrend, indicating increasingly bearish momentum. Short sellers looking to turn bearish on TSLA are reminded to be wary, as Musk could drive more investor hype heading into its upcoming Robotaxi Day.</p><p>Bullish Tesla, Inc. investors must be cautious about expecting a significant valuation re-rating from the current levels, given the persistent headwinds faced by the EV industry. Therefore, I find it increasingly challenging to expect TSLA to outperform within the next 12 to 18 months.</p><p><em>Rating: Maintain Hold.</em></p></body></html>","source":"seekingalpha","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>Tesla: Robotaxi Hype Might Not Turn It Around</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\">\nTesla: Robotaxi Hype Might Not Turn It Around\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-20 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?Shareholders...</p>\n\n<a href=\"https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","LU0823414478.USD":"法巴经典能源转换基金","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4548":"巴美列捷福持仓","TSLA":"特斯拉","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","BK4555":"新能源车","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4566":"资本集团","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4527":"明星科技股","BK4559":"巴菲特持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4588":"碎股","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","BK4099":"汽车制造商"},"source_url":"https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2444840591","content_text":"I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?Shareholders reapproved CEO Elon Musk's 2018 compensation package, but legal challenges remain.Investors should be cautious about Tesla's hype surrounding Robotaxi Day, given Tesla's growth premium.I argue why cracks are building up underneath the surface, suggesting Tesla investors must brace for more pain.Apu Gomes/Getty Images NewsMy Tesla Stock Caution Panned OutI cautioned Tesla, Inc. (NASDAQ:TSLA) investors about adding ahead of TSLA's Q1 earnings release, as it seemed increasingly likely to re-test its $150 support zone. My caution on TSLA panned out, as it fell toward the $140 zone before bottoming. However, Tesla buyers appeared to have shaken off its relatively weak Q1 performance. In addition, CEO Elon Musk won a crucial confidence vote as shareholders voted overwhelmingly in favor of reapproving Musk's 2018 compensation package. As a result, I assess that the opportunity for me to provide an update for TSLA investors is timely.Tesla investors should note that TSLA stock is still down more than 30% over the past year, significantly underperforming the S&P 500 (SP500, SPX, SPY). Therefore, the market has continued to take out new all-time highs, while TSLA buyers haven't returned aggressively to lift TSLA's expensive valuation multiples.Elon Musk's Pay Is Approved, But Challenges Not OverMoreover, investors must note that the recent shareholder approval hasn't reinstated the judge's decision to invalidate Musk's 2018 pay package. As a result, investors must continue monitoring the legal developments as Tesla looks to potentially appeal the court's decision. Despite that, it should assure investors that Musk's focus should remain on Tesla. Musk emphasized that he \"can't cut and run, nor would [he] want to,\" as Musk is required to \"hold on to his stock options for five years.\"It's arguable that TSLA's long-term valuation is predicated on Elon Musk's ability to build on Tesla's breathtaking success. However, the EV market has become increasingly crowded as automakers vie for market share while navigating challenging macroeconomic conditions. Even Tesla wasn't spared, as the leading EV maker reported negative free cash flow in Q1.I believe Tesla investors understand that the market is placing a huge emphasis on Musk to deliver Tesla's autonomous driving ambitions. Based on Ark Invest's 2029 base case target price of $2,600 on Tesla, \"nearly 90% of Tesla's enterprise value and earnings by 2029 are expected to come from the robotaxi business.\" Musk has also attempted to hype Tesla's growth opportunities in Robotaxi and Optimus robots as Tesla's EV growth slowed. As a result, investors are likely still assessing whether Musk could lift TSLA's re-rating potential at its upcoming Robotaxi Day on August 8.Wedbush's Dan Ives underscores the pivotal event as a \"key historical moment\" for Elon Musk and his team. However, investors are urged not to throw caution to the wind, as Tesla hasn't looked closer to solving TSLA's vision-only FSD autonomous driving technology. As a reminder, Tesla believes that its vision-only approach is superior and provides \"the lowest cost and most scalable way forward.\"Tesla Investors Are Banking On Robotaxi HypeNotwithstanding Tesla's optimism, a recent March ranking by The Insurance Institute for Highway Safety rates Tesla's ADAS system poorly. Only Lexus of Toyota Motor Corporation (TM) ADAS was given an \"acceptable\" grade, while General Motors Company (GM) and Nissan Motor Co., Ltd. (OTCPK:NSANY) received \"marginal\" grades for their systems. 11 others (including Tesla) received \"poor\" ratings. Therefore, the study highlights the inadequacy of the current platforms in solving the complexities of real-world autonomous driving. IIHS didn't mince its words as the independent group articulated: \"These results are worrying, considering how quickly vehicles with these partial automation systems are hitting our roadways.\"Ark Invest Vs. Wall Street price target for TSLA (Barron's )Consequently, I urge investors to be cautious about buying into the hype that Musk and Ark are trying to drum up as we draw closer to Tesla's Robotaxi Day. Musk is smart enough to know that TSLA needs investors to stay on board with him as Tesla navigates immense challenges to solve and achieve Ark's 2029 base case thesis on TSLA. However, investors should note the increasing bifurcation in TSLA price targets between Ark Invest and Wall Street. Investors must also assess Tesla's ability to achieve growth inflection from 2025 as it's pivotal to recover TSLA's bullish momentum.Tesla margins estimates % (TIKR)As seen above, Tesla's profitability margins are expected to bottom in 2024. Therefore, Wall Street has likely priced in a more robust recovery from 2025. Despite that, Tesla's estimates have been downgraded, underscoring the challenges bedeviling Tesla and its EV peers. Given the outperformance of GM stock over TSLA in 2024, the market has likely reallocated to the legacy OEMs, given their more well-diversified lineup across ICE, hybrid, and pure-play EVs.BloombergNEF downgraded its EV growth estimates through 2026, suggesting the challenges are expected to persist. Coupled with the uncertainties surrounding Tesla's $25K EV program, I assess that a substantial valuation re-rating thesis in TSLA stock could be too aggressive.TSLA is valued at a forward adjusted PEG ratio of 6.6, well above its sector median of 1.51. Therefore, Tesla investors must be willing to bet on Elon Musk's ability to realize its autonomous driving and Robotaxi ambitions. However, even Berkshire Hathaway Inc.'s (BRK.A, BRK.B) Ajit Jain thinks Tesla investors could be too optimistic. He highlighted that \"Tesla has yet to be successful with this automation effort.\" However, have dip-buyers been willing to buy TSLA's steep pullbacks, paving the way for momentum buyers to return more confidently?Is TSLA Stock A Buy, Sell, Or Hold?TSLA price chart (weekly, medium-term) (TradingView)TSLA's price chart is showing mixed signals. A closer inspection suggests a downtrend signal seems to be building up. However, TSLA dip-buyers held its recent bottom above the pivotal $150 zone, making a higher low against January 2023's lows.However, I must highlight that TSLA has already slid into a downtrend, indicating increasingly bearish momentum. Short sellers looking to turn bearish on TSLA are reminded to be wary, as Musk could drive more investor hype heading into its upcoming Robotaxi Day.Bullish Tesla, Inc. investors must be cautious about expecting a significant valuation re-rating from the current levels, given the persistent headwinds faced by the EV industry. Therefore, I find it increasingly challenging to expect TSLA to outperform within the next 12 to 18 months.Rating: Maintain Hold.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":318841568821288,"gmtCreate":1718855942846,"gmtModify":1718855946868,"author":{"id":"3576157343730083","authorId":"3576157343730083","name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Think the next quarterly report will show a dip in the overall health of TSLA but as usual his fans would like to see how his plan turns out on 8/8. And I don't think it will be allowed to drop even if deliveries are far off. EM just need to say something like 'it is going well...' will propel the share upward! His influence is tremendous regardless.&nbsp;","listText":"Think the next quarterly report will show a dip in the overall health of TSLA but as usual his fans would like to see how his plan turns out on 8/8. And I don't think it will be allowed to drop even if deliveries are far off. EM just need to say something like 'it is going well...' will propel the share upward! His influence is tremendous regardless.&nbsp;","text":"Think the next quarterly report will show a dip in the overall health of TSLA but as usual his fans would like to see how his plan turns out on 8/8. And I don't think it will be allowed to drop even if deliveries are far off. EM just need to say something like 'it is going well...' will propel the share upward! His influence is tremendous regardless.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318841568821288","repostId":2444840591,"repostType":2,"repost":{"id":"2444840591","pubTimestamp":1718855518,"share":"https://www.laohu8.com/m/news/2444840591?lang=&edition=full","pubTime":"2024-06-20 11:51","market":"nz","language":"en","title":"Tesla: Robotaxi Hype Might Not Turn It Around","url":"https://stock-news.laohu8.com/highlight/detail?id=2444840591","media":"seekingalpha","summary":"I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?","content":"<html><head></head><body><ul style=\"\"><li><p>I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.</p></li><li><p>Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?</p></li><li><p>Shareholders reapproved CEO Elon Musk&#39;s 2018 compensation package, but legal challenges remain.</p></li><li><p>Investors should be cautious about Tesla&#39;s hype surrounding Robotaxi Day, given Tesla&#39;s growth premium.</p></li><li><p>I argue why cracks are building up underneath the surface, suggesting Tesla investors must brace for more pain.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dfc6799709ce69e11f22e921a343a8a6\" tg-width=\"594\" tg-height=\"396\"/></p><p>Apu Gomes/Getty Images News</p><p></p><h2 id=\"id_4148329521\">My Tesla Stock Caution Panned Out</h2><p>I cautioned <strong>Tesla, Inc.</strong> (NASDAQ:TSLA) investors about adding ahead of TSLA&#39;s Q1 earnings release, as it seemed increasingly likely to re-test its $150 support zone. My caution on TSLA panned out, as it fell toward the $140 zone before bottoming. However, Tesla buyers appeared to have shaken off its relatively weak Q1 performance. In addition, CEO Elon Musk won a crucial confidence vote as shareholders voted overwhelmingly in favor of reapproving Musk&#39;s 2018 compensation package. As a result, I assess that the opportunity for me to provide an update for TSLA investors is timely.</p><p>Tesla investors should note that TSLA stock is still down more than 30% over the past year, significantly underperforming the S&amp;P 500 (SP500, SPX, SPY). Therefore, the market has continued to take out new all-time highs, while TSLA buyers haven&#39;t returned aggressively to lift TSLA&#39;s expensive valuation multiples.</p><h2 id=\"id_4060217630\">Elon Musk&#39;s Pay Is Approved, But Challenges Not Over</h2><p>Moreover, investors must note that the recent shareholder approval hasn&#39;t reinstated the judge&#39;s decision to invalidate Musk&#39;s 2018 pay package. As a result, investors must continue monitoring the legal developments as Tesla looks to potentially appeal the court&#39;s decision. Despite that, it should assure investors that Musk&#39;s focus should remain on Tesla. Musk emphasized that he &#34;can&#39;t cut and run, nor would [he] want to,&#34; as Musk is required to &#34;hold on to his stock options for five years.&#34;</p><p>It&#39;s arguable that TSLA&#39;s long-term valuation is predicated on Elon Musk&#39;s ability to build on Tesla&#39;s breathtaking success. However, the EV market has become increasingly crowded as automakers vie for market share while navigating challenging macroeconomic conditions. Even Tesla wasn&#39;t spared, as the leading EV maker reported negative free cash flow in Q1.</p><p>I believe Tesla investors understand that the market is placing a huge emphasis on Musk to deliver Tesla&#39;s autonomous driving ambitions. Based on Ark Invest&#39;s 2029 base case target price of $2,600 on Tesla, &#34;nearly 90% of Tesla&#39;s enterprise value and earnings by 2029 are expected to come from the robotaxi business.&#34; Musk has also attempted to hype Tesla&#39;s growth opportunities in Robotaxi and Optimus robots as Tesla&#39;s EV growth slowed. As a result, investors are likely still assessing whether Musk could lift TSLA&#39;s re-rating potential at its upcoming Robotaxi Day on August 8.</p><p>Wedbush&#39;s Dan Ives underscores the pivotal event as a &#34;key historical moment&#34; for Elon Musk and his team. However, investors are urged not to throw caution to the wind, as Tesla hasn&#39;t looked closer to solving TSLA&#39;s vision-only FSD autonomous driving technology. As a reminder, Tesla believes that its vision-only approach is superior and provides &#34;the lowest cost and most scalable way forward.&#34;</p><h2 id=\"id_133438469\">Tesla Investors Are Banking On Robotaxi Hype</h2><p>Notwithstanding Tesla&#39;s optimism, a recent March ranking by The Insurance Institute for Highway Safety rates Tesla&#39;s ADAS system poorly. Only Lexus of Toyota Motor Corporation (TM) ADAS was given an &#34;acceptable&#34; grade, while General Motors Company (GM) and Nissan Motor Co., Ltd. (OTCPK:NSANY) received &#34;marginal&#34; grades for their systems. 11 others (including Tesla) received &#34;poor&#34; ratings. Therefore, the study highlights the inadequacy of the current platforms in solving the complexities of real-world autonomous driving. IIHS didn&#39;t mince its words as the independent group articulated: &#34;These results are worrying, considering how quickly vehicles with these partial automation systems are hitting our roadways.&#34;</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b43fb181046cdbaf34eb1498acd2e53e\" tg-width=\"640\" tg-height=\"428\"/></p><p>Ark Invest Vs. Wall Street price target for TSLA (Barron&#39;s )</p><p></p><p>Consequently, I urge investors to be cautious about buying into the hype that Musk and Ark are trying to drum up as we draw closer to Tesla&#39;s Robotaxi Day. Musk is smart enough to know that TSLA needs investors to stay on board with him as Tesla navigates immense challenges to solve and achieve Ark&#39;s 2029 base case thesis on TSLA. However, investors should note the increasing bifurcation in TSLA price targets between Ark Invest and Wall Street. Investors must also assess Tesla&#39;s ability to achieve growth inflection from 2025 as it&#39;s pivotal to recover TSLA&#39;s bullish momentum.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8aabc2a4661121c9963159cf8f95d2f6\" tg-width=\"640\" tg-height=\"384\"/></p><p>Tesla margins estimates % (TIKR)</p><p></p><p>As seen above, Tesla&#39;s profitability margins are expected to bottom in 2024. Therefore, Wall Street has likely priced in a more robust recovery from 2025. Despite that, Tesla&#39;s estimates have been downgraded, underscoring the challenges bedeviling Tesla and its EV peers. Given the outperformance of GM stock over TSLA in 2024, the market has likely reallocated to the legacy OEMs, given their more well-diversified lineup across ICE, hybrid, and pure-play EVs.</p><p>BloombergNEF downgraded its EV growth estimates through 2026, suggesting the challenges are expected to persist. Coupled with the uncertainties surrounding Tesla&#39;s $25K EV program, I assess that a substantial valuation re-rating thesis in TSLA stock could be too aggressive.</p><p>TSLA is valued at a forward adjusted PEG ratio of 6.6, well above its sector median of 1.51. Therefore, Tesla investors must be willing to bet on Elon Musk&#39;s ability to realize its autonomous driving and Robotaxi ambitions. However, even Berkshire Hathaway Inc.&#39;s (BRK.A, BRK.B) Ajit Jain thinks Tesla investors could be too optimistic. He highlighted that &#34;Tesla has yet to be successful with this automation effort.&#34; However, have dip-buyers been willing to buy TSLA&#39;s steep pullbacks, paving the way for momentum buyers to return more confidently?</p><h2 id=\"id_3575625280\">Is TSLA Stock A Buy, Sell, Or Hold?</h2><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0467ce1c6a6e6c24e8c43c8cf11d906f\" tg-width=\"640\" tg-height=\"394\"/></p><p>TSLA price chart (weekly, medium-term) (TradingView)</p><p></p><p>TSLA&#39;s price chart is showing mixed signals. A closer inspection suggests a downtrend signal seems to be building up. However, TSLA dip-buyers held its recent bottom above the pivotal $150 zone, making a higher low against January 2023&#39;s lows.</p><p>However, I must highlight that TSLA has already slid into a downtrend, indicating increasingly bearish momentum. Short sellers looking to turn bearish on TSLA are reminded to be wary, as Musk could drive more investor hype heading into its upcoming Robotaxi Day.</p><p>Bullish Tesla, Inc. investors must be cautious about expecting a significant valuation re-rating from the current levels, given the persistent headwinds faced by the EV industry. Therefore, I find it increasingly challenging to expect TSLA to outperform within the next 12 to 18 months.</p><p><em>Rating: Maintain Hold.</em></p></body></html>","source":"seekingalpha","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>Tesla: Robotaxi Hype Might Not Turn It Around</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\">\nTesla: Robotaxi Hype Might Not Turn It Around\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-20 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?Shareholders...</p>\n\n<a href=\"https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","LU0823414478.USD":"法巴经典能源转换基金","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4548":"巴美列捷福持仓","TSLA":"特斯拉","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","BK4555":"新能源车","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4566":"资本集团","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4527":"明星科技股","BK4559":"巴菲特持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4588":"碎股","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","BK4099":"汽车制造商"},"source_url":"https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2444840591","content_text":"I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?Shareholders reapproved CEO Elon Musk's 2018 compensation package, but legal challenges remain.Investors should be cautious about Tesla's hype surrounding Robotaxi Day, given Tesla's growth premium.I argue why cracks are building up underneath the surface, suggesting Tesla investors must brace for more pain.Apu Gomes/Getty Images NewsMy Tesla Stock Caution Panned OutI cautioned Tesla, Inc. (NASDAQ:TSLA) investors about adding ahead of TSLA's Q1 earnings release, as it seemed increasingly likely to re-test its $150 support zone. My caution on TSLA panned out, as it fell toward the $140 zone before bottoming. However, Tesla buyers appeared to have shaken off its relatively weak Q1 performance. In addition, CEO Elon Musk won a crucial confidence vote as shareholders voted overwhelmingly in favor of reapproving Musk's 2018 compensation package. As a result, I assess that the opportunity for me to provide an update for TSLA investors is timely.Tesla investors should note that TSLA stock is still down more than 30% over the past year, significantly underperforming the S&P 500 (SP500, SPX, SPY). Therefore, the market has continued to take out new all-time highs, while TSLA buyers haven't returned aggressively to lift TSLA's expensive valuation multiples.Elon Musk's Pay Is Approved, But Challenges Not OverMoreover, investors must note that the recent shareholder approval hasn't reinstated the judge's decision to invalidate Musk's 2018 pay package. As a result, investors must continue monitoring the legal developments as Tesla looks to potentially appeal the court's decision. Despite that, it should assure investors that Musk's focus should remain on Tesla. Musk emphasized that he \"can't cut and run, nor would [he] want to,\" as Musk is required to \"hold on to his stock options for five years.\"It's arguable that TSLA's long-term valuation is predicated on Elon Musk's ability to build on Tesla's breathtaking success. However, the EV market has become increasingly crowded as automakers vie for market share while navigating challenging macroeconomic conditions. Even Tesla wasn't spared, as the leading EV maker reported negative free cash flow in Q1.I believe Tesla investors understand that the market is placing a huge emphasis on Musk to deliver Tesla's autonomous driving ambitions. Based on Ark Invest's 2029 base case target price of $2,600 on Tesla, \"nearly 90% of Tesla's enterprise value and earnings by 2029 are expected to come from the robotaxi business.\" Musk has also attempted to hype Tesla's growth opportunities in Robotaxi and Optimus robots as Tesla's EV growth slowed. As a result, investors are likely still assessing whether Musk could lift TSLA's re-rating potential at its upcoming Robotaxi Day on August 8.Wedbush's Dan Ives underscores the pivotal event as a \"key historical moment\" for Elon Musk and his team. However, investors are urged not to throw caution to the wind, as Tesla hasn't looked closer to solving TSLA's vision-only FSD autonomous driving technology. As a reminder, Tesla believes that its vision-only approach is superior and provides \"the lowest cost and most scalable way forward.\"Tesla Investors Are Banking On Robotaxi HypeNotwithstanding Tesla's optimism, a recent March ranking by The Insurance Institute for Highway Safety rates Tesla's ADAS system poorly. Only Lexus of Toyota Motor Corporation (TM) ADAS was given an \"acceptable\" grade, while General Motors Company (GM) and Nissan Motor Co., Ltd. (OTCPK:NSANY) received \"marginal\" grades for their systems. 11 others (including Tesla) received \"poor\" ratings. Therefore, the study highlights the inadequacy of the current platforms in solving the complexities of real-world autonomous driving. IIHS didn't mince its words as the independent group articulated: \"These results are worrying, considering how quickly vehicles with these partial automation systems are hitting our roadways.\"Ark Invest Vs. Wall Street price target for TSLA (Barron's )Consequently, I urge investors to be cautious about buying into the hype that Musk and Ark are trying to drum up as we draw closer to Tesla's Robotaxi Day. Musk is smart enough to know that TSLA needs investors to stay on board with him as Tesla navigates immense challenges to solve and achieve Ark's 2029 base case thesis on TSLA. However, investors should note the increasing bifurcation in TSLA price targets between Ark Invest and Wall Street. Investors must also assess Tesla's ability to achieve growth inflection from 2025 as it's pivotal to recover TSLA's bullish momentum.Tesla margins estimates % (TIKR)As seen above, Tesla's profitability margins are expected to bottom in 2024. Therefore, Wall Street has likely priced in a more robust recovery from 2025. Despite that, Tesla's estimates have been downgraded, underscoring the challenges bedeviling Tesla and its EV peers. Given the outperformance of GM stock over TSLA in 2024, the market has likely reallocated to the legacy OEMs, given their more well-diversified lineup across ICE, hybrid, and pure-play EVs.BloombergNEF downgraded its EV growth estimates through 2026, suggesting the challenges are expected to persist. Coupled with the uncertainties surrounding Tesla's $25K EV program, I assess that a substantial valuation re-rating thesis in TSLA stock could be too aggressive.TSLA is valued at a forward adjusted PEG ratio of 6.6, well above its sector median of 1.51. Therefore, Tesla investors must be willing to bet on Elon Musk's ability to realize its autonomous driving and Robotaxi ambitions. However, even Berkshire Hathaway Inc.'s (BRK.A, BRK.B) Ajit Jain thinks Tesla investors could be too optimistic. He highlighted that \"Tesla has yet to be successful with this automation effort.\" However, have dip-buyers been willing to buy TSLA's steep pullbacks, paving the way for momentum buyers to return more confidently?Is TSLA Stock A Buy, Sell, Or Hold?TSLA price chart (weekly, medium-term) (TradingView)TSLA's price chart is showing mixed signals. A closer inspection suggests a downtrend signal seems to be building up. However, TSLA dip-buyers held its recent bottom above the pivotal $150 zone, making a higher low against January 2023's lows.However, I must highlight that TSLA has already slid into a downtrend, indicating increasingly bearish momentum. Short sellers looking to turn bearish on TSLA are reminded to be wary, as Musk could drive more investor hype heading into its upcoming Robotaxi Day.Bullish Tesla, Inc. investors must be cautious about expecting a significant valuation re-rating from the current levels, given the persistent headwinds faced by the EV industry. Therefore, I find it increasingly challenging to expect TSLA to outperform within the next 12 to 18 months.Rating: Maintain Hold.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":318700750340312,"gmtCreate":1718855766319,"gmtModify":1718855771903,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1},"htmlText":"I share the same sentiment.&nbsp; Previously Elon Musk touted the huge rewards from Cybertruck, and before that the Charging Networks and the Roadsters. Also the flat-trucks. The only one that actually went into commercial production is the Cybertruck. The others are still developing or stopped.&nbsp; So now, he is talking up Robotaxi and Optimal. And also saying Tesla is not an EV company. if Tesla only source of revenue is EV, how is it not an EV company?&nbsp;","listText":"I share the same sentiment.&nbsp; Previously Elon Musk touted the huge rewards from Cybertruck, and before that the Charging Networks and the Roadsters. Also the flat-trucks. The only one that actually went into commercial production is the Cybertruck. The others are still developing or stopped.&nbsp; So now, he is talking up Robotaxi and Optimal. And also saying Tesla is not an EV company. if Tesla only source of revenue is EV, how is it not an EV company?&nbsp;","text":"I share the same sentiment. Previously Elon Musk touted the huge rewards from Cybertruck, and before that the Charging Networks and the Roadsters. Also the flat-trucks. The only one that actually went into commercial production is the Cybertruck. The others are still developing or stopped. So now, he is talking up Robotaxi and Optimal. And also saying Tesla is not an EV company. if Tesla only source of revenue is EV, how is it not an EV company?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318700750340312","repostId":2444840591,"repostType":2,"repost":{"id":"2444840591","pubTimestamp":1718855518,"share":"https://www.laohu8.com/m/news/2444840591?lang=&edition=full","pubTime":"2024-06-20 11:51","market":"nz","language":"en","title":"Tesla: Robotaxi Hype Might Not Turn It Around","url":"https://stock-news.laohu8.com/highlight/detail?id=2444840591","media":"seekingalpha","summary":"I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?","content":"<html><head></head><body><ul style=\"\"><li><p>I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.</p></li><li><p>Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?</p></li><li><p>Shareholders reapproved CEO Elon Musk&#39;s 2018 compensation package, but legal challenges remain.</p></li><li><p>Investors should be cautious about Tesla&#39;s hype surrounding Robotaxi Day, given Tesla&#39;s growth premium.</p></li><li><p>I argue why cracks are building up underneath the surface, suggesting Tesla investors must brace for more pain.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dfc6799709ce69e11f22e921a343a8a6\" tg-width=\"594\" tg-height=\"396\"/></p><p>Apu Gomes/Getty Images News</p><p></p><h2 id=\"id_4148329521\">My Tesla Stock Caution Panned Out</h2><p>I cautioned <strong>Tesla, Inc.</strong> (NASDAQ:TSLA) investors about adding ahead of TSLA&#39;s Q1 earnings release, as it seemed increasingly likely to re-test its $150 support zone. My caution on TSLA panned out, as it fell toward the $140 zone before bottoming. However, Tesla buyers appeared to have shaken off its relatively weak Q1 performance. In addition, CEO Elon Musk won a crucial confidence vote as shareholders voted overwhelmingly in favor of reapproving Musk&#39;s 2018 compensation package. As a result, I assess that the opportunity for me to provide an update for TSLA investors is timely.</p><p>Tesla investors should note that TSLA stock is still down more than 30% over the past year, significantly underperforming the S&amp;P 500 (SP500, SPX, SPY). Therefore, the market has continued to take out new all-time highs, while TSLA buyers haven&#39;t returned aggressively to lift TSLA&#39;s expensive valuation multiples.</p><h2 id=\"id_4060217630\">Elon Musk&#39;s Pay Is Approved, But Challenges Not Over</h2><p>Moreover, investors must note that the recent shareholder approval hasn&#39;t reinstated the judge&#39;s decision to invalidate Musk&#39;s 2018 pay package. As a result, investors must continue monitoring the legal developments as Tesla looks to potentially appeal the court&#39;s decision. Despite that, it should assure investors that Musk&#39;s focus should remain on Tesla. Musk emphasized that he &#34;can&#39;t cut and run, nor would [he] want to,&#34; as Musk is required to &#34;hold on to his stock options for five years.&#34;</p><p>It&#39;s arguable that TSLA&#39;s long-term valuation is predicated on Elon Musk&#39;s ability to build on Tesla&#39;s breathtaking success. However, the EV market has become increasingly crowded as automakers vie for market share while navigating challenging macroeconomic conditions. Even Tesla wasn&#39;t spared, as the leading EV maker reported negative free cash flow in Q1.</p><p>I believe Tesla investors understand that the market is placing a huge emphasis on Musk to deliver Tesla&#39;s autonomous driving ambitions. Based on Ark Invest&#39;s 2029 base case target price of $2,600 on Tesla, &#34;nearly 90% of Tesla&#39;s enterprise value and earnings by 2029 are expected to come from the robotaxi business.&#34; Musk has also attempted to hype Tesla&#39;s growth opportunities in Robotaxi and Optimus robots as Tesla&#39;s EV growth slowed. As a result, investors are likely still assessing whether Musk could lift TSLA&#39;s re-rating potential at its upcoming Robotaxi Day on August 8.</p><p>Wedbush&#39;s Dan Ives underscores the pivotal event as a &#34;key historical moment&#34; for Elon Musk and his team. However, investors are urged not to throw caution to the wind, as Tesla hasn&#39;t looked closer to solving TSLA&#39;s vision-only FSD autonomous driving technology. As a reminder, Tesla believes that its vision-only approach is superior and provides &#34;the lowest cost and most scalable way forward.&#34;</p><h2 id=\"id_133438469\">Tesla Investors Are Banking On Robotaxi Hype</h2><p>Notwithstanding Tesla&#39;s optimism, a recent March ranking by The Insurance Institute for Highway Safety rates Tesla&#39;s ADAS system poorly. Only Lexus of Toyota Motor Corporation (TM) ADAS was given an &#34;acceptable&#34; grade, while General Motors Company (GM) and Nissan Motor Co., Ltd. (OTCPK:NSANY) received &#34;marginal&#34; grades for their systems. 11 others (including Tesla) received &#34;poor&#34; ratings. Therefore, the study highlights the inadequacy of the current platforms in solving the complexities of real-world autonomous driving. IIHS didn&#39;t mince its words as the independent group articulated: &#34;These results are worrying, considering how quickly vehicles with these partial automation systems are hitting our roadways.&#34;</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b43fb181046cdbaf34eb1498acd2e53e\" tg-width=\"640\" tg-height=\"428\"/></p><p>Ark Invest Vs. Wall Street price target for TSLA (Barron&#39;s )</p><p></p><p>Consequently, I urge investors to be cautious about buying into the hype that Musk and Ark are trying to drum up as we draw closer to Tesla&#39;s Robotaxi Day. Musk is smart enough to know that TSLA needs investors to stay on board with him as Tesla navigates immense challenges to solve and achieve Ark&#39;s 2029 base case thesis on TSLA. However, investors should note the increasing bifurcation in TSLA price targets between Ark Invest and Wall Street. Investors must also assess Tesla&#39;s ability to achieve growth inflection from 2025 as it&#39;s pivotal to recover TSLA&#39;s bullish momentum.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8aabc2a4661121c9963159cf8f95d2f6\" tg-width=\"640\" tg-height=\"384\"/></p><p>Tesla margins estimates % (TIKR)</p><p></p><p>As seen above, Tesla&#39;s profitability margins are expected to bottom in 2024. Therefore, Wall Street has likely priced in a more robust recovery from 2025. Despite that, Tesla&#39;s estimates have been downgraded, underscoring the challenges bedeviling Tesla and its EV peers. Given the outperformance of GM stock over TSLA in 2024, the market has likely reallocated to the legacy OEMs, given their more well-diversified lineup across ICE, hybrid, and pure-play EVs.</p><p>BloombergNEF downgraded its EV growth estimates through 2026, suggesting the challenges are expected to persist. Coupled with the uncertainties surrounding Tesla&#39;s $25K EV program, I assess that a substantial valuation re-rating thesis in TSLA stock could be too aggressive.</p><p>TSLA is valued at a forward adjusted PEG ratio of 6.6, well above its sector median of 1.51. Therefore, Tesla investors must be willing to bet on Elon Musk&#39;s ability to realize its autonomous driving and Robotaxi ambitions. However, even Berkshire Hathaway Inc.&#39;s (BRK.A, BRK.B) Ajit Jain thinks Tesla investors could be too optimistic. He highlighted that &#34;Tesla has yet to be successful with this automation effort.&#34; However, have dip-buyers been willing to buy TSLA&#39;s steep pullbacks, paving the way for momentum buyers to return more confidently?</p><h2 id=\"id_3575625280\">Is TSLA Stock A Buy, Sell, Or Hold?</h2><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0467ce1c6a6e6c24e8c43c8cf11d906f\" tg-width=\"640\" tg-height=\"394\"/></p><p>TSLA price chart (weekly, medium-term) (TradingView)</p><p></p><p>TSLA&#39;s price chart is showing mixed signals. A closer inspection suggests a downtrend signal seems to be building up. However, TSLA dip-buyers held its recent bottom above the pivotal $150 zone, making a higher low against January 2023&#39;s lows.</p><p>However, I must highlight that TSLA has already slid into a downtrend, indicating increasingly bearish momentum. Short sellers looking to turn bearish on TSLA are reminded to be wary, as Musk could drive more investor hype heading into its upcoming Robotaxi Day.</p><p>Bullish Tesla, Inc. investors must be cautious about expecting a significant valuation re-rating from the current levels, given the persistent headwinds faced by the EV industry. Therefore, I find it increasingly challenging to expect TSLA to outperform within the next 12 to 18 months.</p><p><em>Rating: Maintain Hold.</em></p></body></html>","source":"seekingalpha","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>Tesla: Robotaxi Hype Might Not Turn It Around</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\">\nTesla: Robotaxi Hype Might Not Turn It Around\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-20 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?Shareholders...</p>\n\n<a href=\"https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","LU0823414478.USD":"法巴经典能源转换基金","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4548":"巴美列捷福持仓","TSLA":"特斯拉","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","BK4555":"新能源车","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4566":"资本集团","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4527":"明星科技股","BK4559":"巴菲特持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4588":"碎股","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","BK4099":"汽车制造商"},"source_url":"https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2444840591","content_text":"I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?Shareholders reapproved CEO Elon Musk's 2018 compensation package, but legal challenges remain.Investors should be cautious about Tesla's hype surrounding Robotaxi Day, given Tesla's growth premium.I argue why cracks are building up underneath the surface, suggesting Tesla investors must brace for more pain.Apu Gomes/Getty Images NewsMy Tesla Stock Caution Panned OutI cautioned Tesla, Inc. (NASDAQ:TSLA) investors about adding ahead of TSLA's Q1 earnings release, as it seemed increasingly likely to re-test its $150 support zone. My caution on TSLA panned out, as it fell toward the $140 zone before bottoming. However, Tesla buyers appeared to have shaken off its relatively weak Q1 performance. In addition, CEO Elon Musk won a crucial confidence vote as shareholders voted overwhelmingly in favor of reapproving Musk's 2018 compensation package. As a result, I assess that the opportunity for me to provide an update for TSLA investors is timely.Tesla investors should note that TSLA stock is still down more than 30% over the past year, significantly underperforming the S&P 500 (SP500, SPX, SPY). Therefore, the market has continued to take out new all-time highs, while TSLA buyers haven't returned aggressively to lift TSLA's expensive valuation multiples.Elon Musk's Pay Is Approved, But Challenges Not OverMoreover, investors must note that the recent shareholder approval hasn't reinstated the judge's decision to invalidate Musk's 2018 pay package. As a result, investors must continue monitoring the legal developments as Tesla looks to potentially appeal the court's decision. Despite that, it should assure investors that Musk's focus should remain on Tesla. Musk emphasized that he \"can't cut and run, nor would [he] want to,\" as Musk is required to \"hold on to his stock options for five years.\"It's arguable that TSLA's long-term valuation is predicated on Elon Musk's ability to build on Tesla's breathtaking success. However, the EV market has become increasingly crowded as automakers vie for market share while navigating challenging macroeconomic conditions. Even Tesla wasn't spared, as the leading EV maker reported negative free cash flow in Q1.I believe Tesla investors understand that the market is placing a huge emphasis on Musk to deliver Tesla's autonomous driving ambitions. Based on Ark Invest's 2029 base case target price of $2,600 on Tesla, \"nearly 90% of Tesla's enterprise value and earnings by 2029 are expected to come from the robotaxi business.\" Musk has also attempted to hype Tesla's growth opportunities in Robotaxi and Optimus robots as Tesla's EV growth slowed. As a result, investors are likely still assessing whether Musk could lift TSLA's re-rating potential at its upcoming Robotaxi Day on August 8.Wedbush's Dan Ives underscores the pivotal event as a \"key historical moment\" for Elon Musk and his team. However, investors are urged not to throw caution to the wind, as Tesla hasn't looked closer to solving TSLA's vision-only FSD autonomous driving technology. As a reminder, Tesla believes that its vision-only approach is superior and provides \"the lowest cost and most scalable way forward.\"Tesla Investors Are Banking On Robotaxi HypeNotwithstanding Tesla's optimism, a recent March ranking by The Insurance Institute for Highway Safety rates Tesla's ADAS system poorly. Only Lexus of Toyota Motor Corporation (TM) ADAS was given an \"acceptable\" grade, while General Motors Company (GM) and Nissan Motor Co., Ltd. (OTCPK:NSANY) received \"marginal\" grades for their systems. 11 others (including Tesla) received \"poor\" ratings. Therefore, the study highlights the inadequacy of the current platforms in solving the complexities of real-world autonomous driving. IIHS didn't mince its words as the independent group articulated: \"These results are worrying, considering how quickly vehicles with these partial automation systems are hitting our roadways.\"Ark Invest Vs. Wall Street price target for TSLA (Barron's )Consequently, I urge investors to be cautious about buying into the hype that Musk and Ark are trying to drum up as we draw closer to Tesla's Robotaxi Day. Musk is smart enough to know that TSLA needs investors to stay on board with him as Tesla navigates immense challenges to solve and achieve Ark's 2029 base case thesis on TSLA. However, investors should note the increasing bifurcation in TSLA price targets between Ark Invest and Wall Street. Investors must also assess Tesla's ability to achieve growth inflection from 2025 as it's pivotal to recover TSLA's bullish momentum.Tesla margins estimates % (TIKR)As seen above, Tesla's profitability margins are expected to bottom in 2024. Therefore, Wall Street has likely priced in a more robust recovery from 2025. Despite that, Tesla's estimates have been downgraded, underscoring the challenges bedeviling Tesla and its EV peers. Given the outperformance of GM stock over TSLA in 2024, the market has likely reallocated to the legacy OEMs, given their more well-diversified lineup across ICE, hybrid, and pure-play EVs.BloombergNEF downgraded its EV growth estimates through 2026, suggesting the challenges are expected to persist. Coupled with the uncertainties surrounding Tesla's $25K EV program, I assess that a substantial valuation re-rating thesis in TSLA stock could be too aggressive.TSLA is valued at a forward adjusted PEG ratio of 6.6, well above its sector median of 1.51. Therefore, Tesla investors must be willing to bet on Elon Musk's ability to realize its autonomous driving and Robotaxi ambitions. However, even Berkshire Hathaway Inc.'s (BRK.A, BRK.B) Ajit Jain thinks Tesla investors could be too optimistic. He highlighted that \"Tesla has yet to be successful with this automation effort.\" However, have dip-buyers been willing to buy TSLA's steep pullbacks, paving the way for momentum buyers to return more confidently?Is TSLA Stock A Buy, Sell, Or Hold?TSLA price chart (weekly, medium-term) (TradingView)TSLA's price chart is showing mixed signals. A closer inspection suggests a downtrend signal seems to be building up. However, TSLA dip-buyers held its recent bottom above the pivotal $150 zone, making a higher low against January 2023's lows.However, I must highlight that TSLA has already slid into a downtrend, indicating increasingly bearish momentum. Short sellers looking to turn bearish on TSLA are reminded to be wary, as Musk could drive more investor hype heading into its upcoming Robotaxi Day.Bullish Tesla, Inc. investors must be cautious about expecting a significant valuation re-rating from the current levels, given the persistent headwinds faced by the EV industry. Therefore, I find it increasingly challenging to expect TSLA to outperform within the next 12 to 18 months.Rating: Maintain Hold.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":318841528545304,"gmtCreate":1718855726450,"gmtModify":1718855732858,"author":{"id":"4174181632108162","authorId":"4174181632108162","name":"Emotional Investor","avatar":"https://community-static.tradeup.com/news/57ce43901504951c0ec8b4e69e083150","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Nuts mate, a lot to take in with your post, and I for one agree with everything you are saying. All I would add is self driving and robo taxis, needs serious work to not only move beyond a poor approval, but also get approval... serious government approval needed but where is the information on what Tesla Is actually doing to gain said approval.&nbsp; The second point I'd make is yes. Elon has everything to gain from his new salary package. But what has he got to loose if it all goes pair shaped, just saying&nbsp;","listText":"Nuts mate, a lot to take in with your post, and I for one agree with everything you are saying. All I would add is self driving and robo taxis, needs serious work to not only move beyond a poor approval, but also get approval... serious government approval needed but where is the information on what Tesla Is actually doing to gain said approval.&nbsp; The second point I'd make is yes. Elon has everything to gain from his new salary package. But what has he got to loose if it all goes pair shaped, just saying&nbsp;","text":"Nuts mate, a lot to take in with your post, and I for one agree with everything you are saying. All I would add is self driving and robo taxis, needs serious work to not only move beyond a poor approval, but also get approval... serious government approval needed but where is the information on what Tesla Is actually doing to gain said approval. The second point I'd make is yes. Elon has everything to gain from his new salary package. But what has he got to loose if it all goes pair shaped, just saying","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318841528545304","repostId":2444840591,"repostType":4,"repost":{"id":"2444840591","pubTimestamp":1718855518,"share":"https://www.laohu8.com/m/news/2444840591?lang=&edition=full","pubTime":"2024-06-20 11:51","market":"nz","language":"en","title":"Tesla: Robotaxi Hype Might Not Turn It Around","url":"https://stock-news.laohu8.com/highlight/detail?id=2444840591","media":"seekingalpha","summary":"I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?","content":"<html><head></head><body><ul style=\"\"><li><p>I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.</p></li><li><p>Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?</p></li><li><p>Shareholders reapproved CEO Elon Musk&#39;s 2018 compensation package, but legal challenges remain.</p></li><li><p>Investors should be cautious about Tesla&#39;s hype surrounding Robotaxi Day, given Tesla&#39;s growth premium.</p></li><li><p>I argue why cracks are building up underneath the surface, suggesting Tesla investors must brace for more pain.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dfc6799709ce69e11f22e921a343a8a6\" tg-width=\"594\" tg-height=\"396\"/></p><p>Apu Gomes/Getty Images News</p><p></p><h2 id=\"id_4148329521\">My Tesla Stock Caution Panned Out</h2><p>I cautioned <strong>Tesla, Inc.</strong> (NASDAQ:TSLA) investors about adding ahead of TSLA&#39;s Q1 earnings release, as it seemed increasingly likely to re-test its $150 support zone. My caution on TSLA panned out, as it fell toward the $140 zone before bottoming. However, Tesla buyers appeared to have shaken off its relatively weak Q1 performance. In addition, CEO Elon Musk won a crucial confidence vote as shareholders voted overwhelmingly in favor of reapproving Musk&#39;s 2018 compensation package. As a result, I assess that the opportunity for me to provide an update for TSLA investors is timely.</p><p>Tesla investors should note that TSLA stock is still down more than 30% over the past year, significantly underperforming the S&amp;P 500 (SP500, SPX, SPY). Therefore, the market has continued to take out new all-time highs, while TSLA buyers haven&#39;t returned aggressively to lift TSLA&#39;s expensive valuation multiples.</p><h2 id=\"id_4060217630\">Elon Musk&#39;s Pay Is Approved, But Challenges Not Over</h2><p>Moreover, investors must note that the recent shareholder approval hasn&#39;t reinstated the judge&#39;s decision to invalidate Musk&#39;s 2018 pay package. As a result, investors must continue monitoring the legal developments as Tesla looks to potentially appeal the court&#39;s decision. Despite that, it should assure investors that Musk&#39;s focus should remain on Tesla. Musk emphasized that he &#34;can&#39;t cut and run, nor would [he] want to,&#34; as Musk is required to &#34;hold on to his stock options for five years.&#34;</p><p>It&#39;s arguable that TSLA&#39;s long-term valuation is predicated on Elon Musk&#39;s ability to build on Tesla&#39;s breathtaking success. However, the EV market has become increasingly crowded as automakers vie for market share while navigating challenging macroeconomic conditions. Even Tesla wasn&#39;t spared, as the leading EV maker reported negative free cash flow in Q1.</p><p>I believe Tesla investors understand that the market is placing a huge emphasis on Musk to deliver Tesla&#39;s autonomous driving ambitions. Based on Ark Invest&#39;s 2029 base case target price of $2,600 on Tesla, &#34;nearly 90% of Tesla&#39;s enterprise value and earnings by 2029 are expected to come from the robotaxi business.&#34; Musk has also attempted to hype Tesla&#39;s growth opportunities in Robotaxi and Optimus robots as Tesla&#39;s EV growth slowed. As a result, investors are likely still assessing whether Musk could lift TSLA&#39;s re-rating potential at its upcoming Robotaxi Day on August 8.</p><p>Wedbush&#39;s Dan Ives underscores the pivotal event as a &#34;key historical moment&#34; for Elon Musk and his team. However, investors are urged not to throw caution to the wind, as Tesla hasn&#39;t looked closer to solving TSLA&#39;s vision-only FSD autonomous driving technology. As a reminder, Tesla believes that its vision-only approach is superior and provides &#34;the lowest cost and most scalable way forward.&#34;</p><h2 id=\"id_133438469\">Tesla Investors Are Banking On Robotaxi Hype</h2><p>Notwithstanding Tesla&#39;s optimism, a recent March ranking by The Insurance Institute for Highway Safety rates Tesla&#39;s ADAS system poorly. Only Lexus of Toyota Motor Corporation (TM) ADAS was given an &#34;acceptable&#34; grade, while General Motors Company (GM) and Nissan Motor Co., Ltd. (OTCPK:NSANY) received &#34;marginal&#34; grades for their systems. 11 others (including Tesla) received &#34;poor&#34; ratings. Therefore, the study highlights the inadequacy of the current platforms in solving the complexities of real-world autonomous driving. IIHS didn&#39;t mince its words as the independent group articulated: &#34;These results are worrying, considering how quickly vehicles with these partial automation systems are hitting our roadways.&#34;</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b43fb181046cdbaf34eb1498acd2e53e\" tg-width=\"640\" tg-height=\"428\"/></p><p>Ark Invest Vs. Wall Street price target for TSLA (Barron&#39;s )</p><p></p><p>Consequently, I urge investors to be cautious about buying into the hype that Musk and Ark are trying to drum up as we draw closer to Tesla&#39;s Robotaxi Day. Musk is smart enough to know that TSLA needs investors to stay on board with him as Tesla navigates immense challenges to solve and achieve Ark&#39;s 2029 base case thesis on TSLA. However, investors should note the increasing bifurcation in TSLA price targets between Ark Invest and Wall Street. Investors must also assess Tesla&#39;s ability to achieve growth inflection from 2025 as it&#39;s pivotal to recover TSLA&#39;s bullish momentum.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8aabc2a4661121c9963159cf8f95d2f6\" tg-width=\"640\" tg-height=\"384\"/></p><p>Tesla margins estimates % (TIKR)</p><p></p><p>As seen above, Tesla&#39;s profitability margins are expected to bottom in 2024. Therefore, Wall Street has likely priced in a more robust recovery from 2025. Despite that, Tesla&#39;s estimates have been downgraded, underscoring the challenges bedeviling Tesla and its EV peers. Given the outperformance of GM stock over TSLA in 2024, the market has likely reallocated to the legacy OEMs, given their more well-diversified lineup across ICE, hybrid, and pure-play EVs.</p><p>BloombergNEF downgraded its EV growth estimates through 2026, suggesting the challenges are expected to persist. Coupled with the uncertainties surrounding Tesla&#39;s $25K EV program, I assess that a substantial valuation re-rating thesis in TSLA stock could be too aggressive.</p><p>TSLA is valued at a forward adjusted PEG ratio of 6.6, well above its sector median of 1.51. Therefore, Tesla investors must be willing to bet on Elon Musk&#39;s ability to realize its autonomous driving and Robotaxi ambitions. However, even Berkshire Hathaway Inc.&#39;s (BRK.A, BRK.B) Ajit Jain thinks Tesla investors could be too optimistic. He highlighted that &#34;Tesla has yet to be successful with this automation effort.&#34; However, have dip-buyers been willing to buy TSLA&#39;s steep pullbacks, paving the way for momentum buyers to return more confidently?</p><h2 id=\"id_3575625280\">Is TSLA Stock A Buy, Sell, Or Hold?</h2><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0467ce1c6a6e6c24e8c43c8cf11d906f\" tg-width=\"640\" tg-height=\"394\"/></p><p>TSLA price chart (weekly, medium-term) (TradingView)</p><p></p><p>TSLA&#39;s price chart is showing mixed signals. A closer inspection suggests a downtrend signal seems to be building up. However, TSLA dip-buyers held its recent bottom above the pivotal $150 zone, making a higher low against January 2023&#39;s lows.</p><p>However, I must highlight that TSLA has already slid into a downtrend, indicating increasingly bearish momentum. Short sellers looking to turn bearish on TSLA are reminded to be wary, as Musk could drive more investor hype heading into its upcoming Robotaxi Day.</p><p>Bullish Tesla, Inc. investors must be cautious about expecting a significant valuation re-rating from the current levels, given the persistent headwinds faced by the EV industry. Therefore, I find it increasingly challenging to expect TSLA to outperform within the next 12 to 18 months.</p><p><em>Rating: Maintain Hold.</em></p></body></html>","source":"seekingalpha","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>Tesla: Robotaxi Hype Might Not Turn It Around</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\">\nTesla: Robotaxi Hype Might Not Turn It Around\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-20 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?Shareholders...</p>\n\n<a href=\"https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","LU0823414478.USD":"法巴经典能源转换基金","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4548":"巴美列捷福持仓","TSLA":"特斯拉","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","BK4555":"新能源车","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4566":"资本集团","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4527":"明星科技股","BK4559":"巴菲特持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4588":"碎股","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","BK4099":"汽车制造商"},"source_url":"https://seekingalpha.com/article/4699865-tesla-robotaxi-hype-might-not-turn-it-around","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2444840591","content_text":"I previously warned about the possibility of Tesla, Inc. stock falling to re-test the $150 support level.Tesla stock fell toward the $140 zone but bottomed soon after. Is the decline over?Shareholders reapproved CEO Elon Musk's 2018 compensation package, but legal challenges remain.Investors should be cautious about Tesla's hype surrounding Robotaxi Day, given Tesla's growth premium.I argue why cracks are building up underneath the surface, suggesting Tesla investors must brace for more pain.Apu Gomes/Getty Images NewsMy Tesla Stock Caution Panned OutI cautioned Tesla, Inc. (NASDAQ:TSLA) investors about adding ahead of TSLA's Q1 earnings release, as it seemed increasingly likely to re-test its $150 support zone. My caution on TSLA panned out, as it fell toward the $140 zone before bottoming. However, Tesla buyers appeared to have shaken off its relatively weak Q1 performance. In addition, CEO Elon Musk won a crucial confidence vote as shareholders voted overwhelmingly in favor of reapproving Musk's 2018 compensation package. As a result, I assess that the opportunity for me to provide an update for TSLA investors is timely.Tesla investors should note that TSLA stock is still down more than 30% over the past year, significantly underperforming the S&P 500 (SP500, SPX, SPY). Therefore, the market has continued to take out new all-time highs, while TSLA buyers haven't returned aggressively to lift TSLA's expensive valuation multiples.Elon Musk's Pay Is Approved, But Challenges Not OverMoreover, investors must note that the recent shareholder approval hasn't reinstated the judge's decision to invalidate Musk's 2018 pay package. As a result, investors must continue monitoring the legal developments as Tesla looks to potentially appeal the court's decision. Despite that, it should assure investors that Musk's focus should remain on Tesla. Musk emphasized that he \"can't cut and run, nor would [he] want to,\" as Musk is required to \"hold on to his stock options for five years.\"It's arguable that TSLA's long-term valuation is predicated on Elon Musk's ability to build on Tesla's breathtaking success. However, the EV market has become increasingly crowded as automakers vie for market share while navigating challenging macroeconomic conditions. Even Tesla wasn't spared, as the leading EV maker reported negative free cash flow in Q1.I believe Tesla investors understand that the market is placing a huge emphasis on Musk to deliver Tesla's autonomous driving ambitions. Based on Ark Invest's 2029 base case target price of $2,600 on Tesla, \"nearly 90% of Tesla's enterprise value and earnings by 2029 are expected to come from the robotaxi business.\" Musk has also attempted to hype Tesla's growth opportunities in Robotaxi and Optimus robots as Tesla's EV growth slowed. As a result, investors are likely still assessing whether Musk could lift TSLA's re-rating potential at its upcoming Robotaxi Day on August 8.Wedbush's Dan Ives underscores the pivotal event as a \"key historical moment\" for Elon Musk and his team. However, investors are urged not to throw caution to the wind, as Tesla hasn't looked closer to solving TSLA's vision-only FSD autonomous driving technology. As a reminder, Tesla believes that its vision-only approach is superior and provides \"the lowest cost and most scalable way forward.\"Tesla Investors Are Banking On Robotaxi HypeNotwithstanding Tesla's optimism, a recent March ranking by The Insurance Institute for Highway Safety rates Tesla's ADAS system poorly. Only Lexus of Toyota Motor Corporation (TM) ADAS was given an \"acceptable\" grade, while General Motors Company (GM) and Nissan Motor Co., Ltd. (OTCPK:NSANY) received \"marginal\" grades for their systems. 11 others (including Tesla) received \"poor\" ratings. Therefore, the study highlights the inadequacy of the current platforms in solving the complexities of real-world autonomous driving. IIHS didn't mince its words as the independent group articulated: \"These results are worrying, considering how quickly vehicles with these partial automation systems are hitting our roadways.\"Ark Invest Vs. Wall Street price target for TSLA (Barron's )Consequently, I urge investors to be cautious about buying into the hype that Musk and Ark are trying to drum up as we draw closer to Tesla's Robotaxi Day. Musk is smart enough to know that TSLA needs investors to stay on board with him as Tesla navigates immense challenges to solve and achieve Ark's 2029 base case thesis on TSLA. However, investors should note the increasing bifurcation in TSLA price targets between Ark Invest and Wall Street. Investors must also assess Tesla's ability to achieve growth inflection from 2025 as it's pivotal to recover TSLA's bullish momentum.Tesla margins estimates % (TIKR)As seen above, Tesla's profitability margins are expected to bottom in 2024. Therefore, Wall Street has likely priced in a more robust recovery from 2025. Despite that, Tesla's estimates have been downgraded, underscoring the challenges bedeviling Tesla and its EV peers. Given the outperformance of GM stock over TSLA in 2024, the market has likely reallocated to the legacy OEMs, given their more well-diversified lineup across ICE, hybrid, and pure-play EVs.BloombergNEF downgraded its EV growth estimates through 2026, suggesting the challenges are expected to persist. Coupled with the uncertainties surrounding Tesla's $25K EV program, I assess that a substantial valuation re-rating thesis in TSLA stock could be too aggressive.TSLA is valued at a forward adjusted PEG ratio of 6.6, well above its sector median of 1.51. Therefore, Tesla investors must be willing to bet on Elon Musk's ability to realize its autonomous driving and Robotaxi ambitions. However, even Berkshire Hathaway Inc.'s (BRK.A, BRK.B) Ajit Jain thinks Tesla investors could be too optimistic. He highlighted that \"Tesla has yet to be successful with this automation effort.\" However, have dip-buyers been willing to buy TSLA's steep pullbacks, paving the way for momentum buyers to return more confidently?Is TSLA Stock A Buy, Sell, Or Hold?TSLA price chart (weekly, medium-term) (TradingView)TSLA's price chart is showing mixed signals. A closer inspection suggests a downtrend signal seems to be building up. However, TSLA dip-buyers held its recent bottom above the pivotal $150 zone, making a higher low against January 2023's lows.However, I must highlight that TSLA has already slid into a downtrend, indicating increasingly bearish momentum. Short sellers looking to turn bearish on TSLA are reminded to be wary, as Musk could drive more investor hype heading into its upcoming Robotaxi Day.Bullish Tesla, Inc. investors must be cautious about expecting a significant valuation re-rating from the current levels, given the persistent headwinds faced by the EV industry. Therefore, I find it increasingly challenging to expect TSLA to outperform within the next 12 to 18 months.Rating: Maintain Hold.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":10,"commentSize":4,"repostSize":3,"favoriteSize":0,"likeStatus":true,"favoriteStatus":false}}