Tesla Keeps Surprising
A "leaked" email for Elon Musk, mentioned that they company might break even this quarter. This is a complete surprise. In comparison, Ford believes it will lose $5 billion during the same time period.
In this video, I discuss how Tesla appears to be resilient against all bad news and what it means going forward.
▶️ 3Speak
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Wow. Good to see them evolving. I remember when the stock was being discovered in 2014.
Summary:
In this video, Task discusses Tesla's recent surge in market value, heightened by an email from Elon Musk highlighting the importance of a strong quarter-end push to maintain profitability. This surprise announcement has analysts reevaluating their delivery estimates for the quarter. Task emphasizes how Tesla's resilience in challenging times sets it apart from traditional automakers like Ford, who are struggling financially. He explores the impact of economic uncertainty on disruptors like Tesla, predicting their accelerated growth amidst a changing automotive landscape towards electric vehicles (EVs).
Detailed Article:
Task opens the discussion by focusing on Tesla's remarkable achievement of becoming the world's top automaker, surpassing traditional giants like Toyota with a market cap exceeding $200 billion. He attributes this success to Tesla's recent market performance and Elon Musk's directive for a strong quarter-end push to ensure profitability, a crucial factor in the company's bid for S&P eligibility. Task underscores the significance of Tesla potentially achieving four profitable quarters, a milestone for entry into the S&P index.
Task contrasts Tesla's perseverance and potential break-even scenario with Ford's anticipated $5 billion loss, highlighting the stark differences between the two companies' financial trajectories. He notes that while Ford appears to be struggling and lagging in the electric vehicle (EV) space, Tesla is distancing itself as a frontrunner in innovation and market performance.
The conversation delves into the broader shift in the automotive industry towards EVs, with Task emphasizing the regulatory push towards electrification in Europe and the importance for traditional automakers to accelerate their EV initiatives to keep pace with Tesla. He discusses the challenges faced by legacy automakers in aligning with the future of EVs, pointing out Tesla's consistent drive for innovation and delivery despite setbacks in timelines.
Task also touches on Tesla's successful models like the Model 3, becoming one of the best-selling cars globally, and the anticipated success of the Model Y once production issues are resolved. He highlights Musk's ability to drive the company forward despite controversies surrounding his public statements, attributing Tesla's success to its disruptive qualities amplified in times of economic uncertainty.
In conclusion, Task reflects on the ongoing transformation within the automotive industry, witnessing a monumental shift driven by disruptors like Tesla against a backdrop of historical changes in various sectors. He anticipates further disruptions in multiple industries over the next decade, signaling a wave of transformative developments challenging established norms and practices.