Quick Read – Tesla’s car unit generated 73% of $28.2B in quarterly revenue, yet its $1.4T valuation reflects speculative AI and robotics bets, not automotive fundamentals. – Ford abandoned EV competition, leaving Tesla as the unchallenged US market leader with 480,126 deliveries…
d FSD subscriptions surging 56% year over year. – Musk should spin off Tesla’s robotics and AI division, forcing the market to judge whether it’s a revolutionary tech giant or a speculative longshot. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Tesla didn’t make the cut. Grab the names FREE today
Tesla’s (NASDAQ: TSLA) earnings showed that, at an extremely rapid pace, it has become two companies (at least). One makes and sells cars—the other gambles, often on what appears to be longshots, on AI and robotics. (Tesla does have an energy generation business which produced $3.1 billion, or 11% of the total, in the most recent quarter. It does not fit neatly into either silo.) The proof that Tesla’s car business continues to be the revenue core is that at $20.5 billion, it was 73% of Tesla’s total revenue of $28.2 billion.
Auto revenue was up 23% year over year in Tesla’s second quarter. Overall revenue rose 26%. Net income for the entire company was $1.1 billion, which was down 5% year over year.