.jpg)
On August 2, 1830, Charles X, King of France, abdicated the throne, unable to resist the July Revolution.
On the same day in 1876, legendary frontiersman Wild Bill Hickok was murdered in Deadwood, in what is now South Dakota.
Related: Micron, Inflation, and the Biden-Trump Debate Will Shake Markets
On August 2, 2006, Tesla (TSLA) CEO Elon Musk has unleashed his master plan.
in job “Tesla Motors’ overarching goal (and the reason I’m funding the company) is to help accelerate the transition from the mining and burning of hydrocarbons,” Musk said, titled Tesla Motors’ Secret Master Plan (just between you and me) and toward a solar electric economy.
“Critical to achieving this is an electric car without compromise, which is why the Tesla Roadster is designed to take on a gasoline sports car like a Porsche or Ferrari in a head-to-head match.”
The master plan called for building a high-performance electric vehicle and using the profits to make affordable electric cars.
“When someone buys a Tesla Roadster, they’re actually helping pay for the development of the low-cost family car,” Musk said.
Musk: Tesla’s Master Plan 4 ‘will be epic’
Other major plans were to follow.
In 2016, the second plan focused on integrating solar energy, expanding the lineup of electric cars, and developing self-driving technology.
RELATED: Cathie Wood unveils surprise target for Tesla stock price
The third plan, issued last year, dealt with expanding the scope of vehicle production, investing in renewable energy, and promoting autonomous driving.
On Monday, Musk took to social media platform X, formerly Twitter, which he bought in 2022, to announce his next big move.
“Working on Tesla’s Master Plan 4,” he said books. “It’s going to be epic.”
What should we expect from the latest masterplan?
Well, Morgan Stanley analyst Adam Jonas told investors that although Tesla will continue to make cars, they should prepare for “something else” after the Master Plan 4 preview.
The analyst expects Master Plan 4 to be supported by Tesla’s commercial ambitions in the field of artificial intelligence, robotics and advanced computing.
AI and robotics are entering an unprecedented phase, opening up new addressable markets and pushing the company “deep into new specialties,” Jonas said.
The analyst says investors should prepare for a plan that would tie Tesla more clearly to Musk’s other projects, including rocket company SpaceX, the Starlink satellite network, X social media, and xAI, Musk’s artificial intelligence startup.
Morgan Stanley made no changes to its overweight rating and $310 price target for Tesla stock.
RBC Capital. On the other hand, the investment firm lowered its price target for Tesla to $227 from $293. It affirmed an outperform rating on the stock.
Related: Analyst predicts Tesla’s Elon Musk will create a competitor to Apple
The company is lowering its forecast for the value of the company’s robotics business to $414 billion from $627 billion previously. Barron said RBC reduced the amount of consumer revenue in the robotaxi market that would come directly to Tesla. Service providers such as Uber (Uber) And Lyft (Lyft) Which use robots will get a big share.
RBC estimates that Tesla robotaxi revenues will reach $120 billion annually by 2040.
RBC said it continues to see taxis as the biggest driver of its Tesla valuation model at 52%, followed by full self-driving at 27%, Megapack energy storage products at 15%, and cars at 6%.
Last week, shareholders voted overwhelmingly to support Musk’s long-awaited compensation package, which was approved in 2018 but rejected by a Delaware judge last year.
“Tesla is Musk and Musk is Tesla”
“It’s time to celebrate with champagne,” Dan Ives, a Wedbush analyst and Tesla founder, said after investors approved the plan, which will pay Musk about $55.8 billion. Holder also supported Musk’s efforts to reincorporate the company in Texas, where it moved its headquarters in 2021, and abandon its Delaware registration.
Tesla.com
“We believe the next chapter in Tesla’s growth story is around autonomous driving and… [Full-Self-Driving] “It’s now on the near-term horizon, set to push Tesla’s valuation north of $1 trillion in 2025,” said Ives, who has an outperform rating on the company’s shares and a $275 price target.
More tech stocks:
- Nvidia has a $4 trillion valuation on the horizon as AI sees chip sales boost
- Analyst updates price target for Oracle stock price after earnings
- The analyst renews his Palantir stock price target as the software company expands its range
The analyst added, “If this proposal fails, a lot of bad things and scenarios could happen, including Musk starting his way not to become CEO of Tesla.”
“Instead, it’s roses and rainbows today in Austin, although demand challenges remain, which is how [a] A pivotal period for Tesla and Musk to navigate this turbulent period to see demand improve, [Full-Self-Driving] Ives said: “Success, and launching new models over the next year.”
“Tesla is Musk and Musk is Tesla. … [Shareholders] “Speak out today,” he announced.
Tesla Q2 delivery numbers are on tap
Meanwhile, Tesla is expected to soon announce second-quarter deliveries.
On Friday, Barclays analysts said they expected Tesla to deliver 415,000 units, down 11% year-on-year and below the consensus estimate of 444,000 units.
Analysts attributed this estimate to weak sales in Europe and modest increases in production in China.
RELATED: Analysts reset Tesla stock forecasts after Musk wins $56 billion
However, the investment firm says its estimate is “somewhat in line with more subdued buy-side expectations” and suspects the final estimate compiled by Tesla will end up lower.
The weak delivery result could return investors’ attention to Tesla’s currently challenging fundamental environment, with the company likely facing continued negative revisions to its 2024 and 2025 estimates, Barclays said.
Meanwhile, Barclays maintained its equal weight rating and price target of $180.
RELATED: Veteran Fund Manager Picks Favorite Stocks for 2024
