Tesla's 37th week update: Stock remains steady, potential successor for Musk, unveiling of new megapack, fuel reveal delayed until IAA event
Tesla is making waves in the automotive industry with several exciting developments and speculations surrounding its Q3 production and delivery numbers. Despite not discussing these figures during a recent call, analysts and investors are optimistic about a strong showing.
Meanwhile, at the IAA auto show, the spotlight was not only on Tesla but also on its competitors. BMW and Mercedes unveiled alternatives to the Tesla Model Y, adding more competition to the electric vehicle (EV) market.
In a move aimed at challenging the status quo, the Volkswagen Group announced plans to release electric cars from four of its brands for under €25,000. This affordable offering is expected to shake up the market and make EVs more accessible to a wider audience.
Tesla's own innovations continue to push boundaries. The company unveiled the new Tesla Megapack 3, an improved version of its energy storage system. The Megapack 3 boasts an increased capacity of 5 megawatt-hours per unit compared to its predecessor. Furthermore, the new product, now known as Megablock, comes with a transformer, reducing installation effort by four Megapacks.
Elon Musk's ambitions for Tesla extend beyond the automotive realm. His new record bonus requires Tesla's market capitalization to reach an unprecedented $2 trillion. Musk also reiterated his belief that robots could account for 80% of a $1 trillion Tesla value, further emphasizing his vision for a robot-heavy future.
The cost of Tesla's humanoid robot, Optimus, is estimated to be between $20,000 and $25,000 for a million units per year. With such an affordable price point, Optimus could potentially revolutionize the robotics industry.
Tesla's success is not limited to the US market. The company plans to build a factory in Houston, Texas, with an annual capacity of 50 gigawatt-hours for the Megapack. This move is expected to significantly increase Tesla's production capabilities and contribute to the company's growing global presence.
However, the road to success is not without challenges. Analysts predict another drop in EV sales in Q3 2025, despite Tesla potentially benefiting from the expiration of the US tax credit for electric vehicles. Furthermore, the "combustion engine ban" in the EU, originally decided in 2022, is now facing uncertainty, as evident at the IAA auto show last week.
Despite these challenges, Tesla continues to push forward. Robyn Denholm, Tesla's chair, spoke publicly about a succession plan for Elon Musk at the helm of Tesla, and Musk himself delayed the release of FSD 14 from September to "the coming months."
In the world of Tesla, the pace of innovation never slows, and the company continues to set the bar high for the automotive and robotics industries. As Tesla moves forward, it remains to be seen how these developments will shape the future of transportation and robotics.
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