The thorny billionaire Elon Musk is at a crossroads with Tesla (TSLA) – and investors assume the excessive risk.
“I think we are in the transitional phase, so it’s a very critical phase for Tesla for the moment,” said Lisa Schreiber de Gradient Investments on the opening of Yahoo Finance (watch above).
On July 23, Tesla published much lower results in the second quarter compared to a year ago. During the call for winnings, Musk warned against the winds and shared that carpooling and autonomous features will be a key objective for the company in the future.
The shares dropped directly after the announcement of profits and closed 8.2% on Thursday.
Tesla remains an innovator, with robots and AI in her wallet. Its EV activity, however, is sharply decreasing as competition increases and the counterpouss develop against Musk’s policy. The expiration of a federal credit of $ 7,500 for electric vehicles will not help things either.
“When we look at the evaluation, investors do not know exactly how to value [Tesla]. Is it a manufacturer of electric vehicles? Is it more than that? The fact is that it is no longer just a set of electric vehicles, “said Schrieber.” But it is not a robotaxi either [and] Robots company already. So we have difficulties here. “”
For Schrieber’s point, Tesla’s actions are more negotiated as a heat technology player trying to take mastodons like Nvidia (NVDA). Actions are negotiated at 161 times the long -term prize estimated at the profits. (Nvidia, with much higher growth, is negotiated about 55 times.) Ford (F), a pure automaker, is negotiated at 9.6 times.
Meanwhile, some perceive Tesla as a business that does not know what she wants to be when she grows. Innovation around autonomous driving is remarkable, but the wait can make the most patient investors angry.
“Especially with Tesla, we must be a little cautious,” said Schreiber, noting that Musk has a story of enormous promises but delayed launches.
Robotaxi, for example, was launched last June in Austin, Texas. The analysts of William Blair Jed Dorsheimer and Mark Shooter, who evaluate Tesla’s actions in Market Performances, noted that the company Rivale de Google (Goog) Waymo Robotaxi “represents one step ahead of six years”.
“We believe that the training wheels will be removed quickly and the pace to which the Robotaxi scales will be surprising,” wrote the couple. “Although maybe half of Americans by the end of the year.”
During the Tesla winning call, Musk also discussed humanoid robots, AI, and their integration into the fleet of vehicles, calling the company’s cars “essentially a four -wheeled robot”.
