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Originally Posted by Truenorth00
I bought back into TSLA at 120. But I do think some of their investor day talk is overhyped. Robotaxis have been around the corner for half a decade. And will probably be around the corner for another two decades. On the other hand, their projected improvements on production and their growth in the energy business, are what interest me. Much more realistic goals. Albeit, still exaggerated in typical Musk fashion.
I'm also excited by what this does for EV competition as a consumer. Not going to be good for some carmakers though. I think a few legacy automakers will not exist by the end of this decade.
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Quote:
Originally Posted by goodgrowth
I don't even think Tesla needs Robotaxi to be successful though. Pretty much everyone is bounded by advances in AI and I suspect Tesla will just as competitive as anyone else in that area.
I suspect some legacy automakers will go bankrupt and there will be consolidation to pool resources.
Watching this presentation I got the feeling when you combine all the efficiencies they talk about plus the fact that the factory will be in Mexico that their next gen vehicle is going to be around $30k.
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Yes, I think this presentation seemed to focus more on improving efficiencies, minimizing waste, continuing to scale up sustainably. The presentation itself was quite dull and technical. But overall the idea is to continue to solidify Tesla's future viability. I think there were a lot of people here 2-3 years ago that were predicting Tesla would be bankrupt by now, and in fact there were people here as recently as Dec 2022 predicting Tesla would be bankrupt by March 2023.
I think a lot of people were expecting some sort of big announcement (Model 2, Cybertruck imminent), so that's why the stock went down initially. I think the overall outlook is still quite strong though looking at the bigger picture. When they do decide to make the Model 2/gen 3 platform announcement, I'm sure the stock will rebound even more. Perhaps it also signals some maturity in Tesla's approach which used to be overpromise and underdeliver, if they're waiting until the project is actually ready.