Elon Musk thinks Tesla investors should be in on the company's plans to launch a fleet of self-driving taxis... or out on the stock altogether.
But to CEO Elon Musk , investors really need to answer only one question when it comes to judging what the stock is worth.
Tesla CEO Elon Musk waves as he leaves the Tesla Gigafactory for electric cars in Gruenheide near Berlin, Germany, on March 13, 2024. On Tuesday, Tesla also announced it will reveal plans for its much-hyped robotaxi on Oct. 10, a two-month delay from its initial Aug. 8 plans.
And even if autonomy presents investors with an "in or out" conundrum, the biggest opportunity for Tesla may even lie elsewhere in the business. "I think everyone on earth is going to want one. There are 8 billion people on Earth. So it's 8 billion right there. Then you've got all of the industrial uses, which is probably at least as much, if not way more. So I suspect that the long-term demand for general-purpose humanoid robots is in excess of 20 billion units.
Problems in the highly competitive U.S. car market ranging from weak prices to high inventories and difficult logistics dented profits and hit shares of automakers Stellantis and Nissan on Thursday, as they scramble to find a fix. Shares in Milan-listed Stellantis were down 8% by 0900 GMT after hitting their lowest in almost a year. Nissan was down 7%, sending the stock of its French alliance partner Renault down as well despite it posting a first-half profit that beat estimates.
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