Tesla is still a car company — and for now, that's okay: Morning Brief
Published On Oct 25, 2024, 6:00 AM
Tesla remains primarily a car company, as its automotive revenue significantly outweighs other segments, such as energy and services. Last quarter, automotive revenue was $20.02 billion, constituting 79% of total revenue, and the company is aiming for delivery growth of 20-30% next year. Tesla's profitability has improved, encouraging investors after a brief slump in stock prices following the recent robotaxi event. The focus on cost efficiency in car production appears to be a key factor in sustaining profitability, which is pivotal for investor confidence as the company explores AI and robotics in the future.