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There’s less than a month left until Tesla’s (TSLA) robotaxi event.
What’s unique is that CEO Elon Musk has made (or at least endorsed) some big promises. Recently, a fan account posted on X (formerly Twitter), “October 10th will be the most important moment for Tesla since the Model 3 launch,” to which Musk responded, “In my opinion, that’s right.” ” he answered.
But analysts still disagree about what Tesla is.
That discussion is perfectly documented in this week’s two books of notes.
On Tuesday, DA Davidson analyst Gil Luria announced he was expanding his Big Tech coverage to include Meta (META) and Alphabet (GOOG, GOOGL) (he already has Apple (AAPL), Amazon (AMZN)). , Microsoft (MSFT), and Nvidia (NVDA)), all under the common theme of “computing.”
Savvy readers may notice that this list is not just 7 big tech companies, but 6 great companies.
“If it looks like a duck (more than 90% of its profits come from cars) and quacks like a duck (more than 90% of its profits come from cars), it might just be a duck (a car company),” Luria notes. I wrote this. He was definitely aware that any whispered criticism of Tesla could be followed by a troll storm, adding, “Please don’t @ me.”
Luria elaborated in an interview with Yahoo Finance, noting that while Musk’s poetry may include major investments in artificial intelligence, “the player here is Elon Musk, not Tesla.”
On the same day, Deutsche Bank’s Edison Yu opined about Tesla in a completely different light. “Essentially, we view Tesla not as an automaker, but rather as a technology platform that seeks to reshape multiple industries and deserves its own recognition,” he wrote. Ta.
With this framework, Yu named Tesla the top pick in the auto industry and set a price target of $295.
Mr. Musk himself has repeatedly told investors that they shouldn’t buy Tesla stock unless they see it as more than an automaker. Many potential investors appear to have taken his advice this year, with the stock price down almost 9%.
The robotaxi event is a welcome refocus for Tesla shareholders on the company’s business, as Musk has garnered as many headlines for his support for Donald Trump and political tweets as his company’s efforts. Maybe — even if robotaxis are still a safe service. car.
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