--- title: "All in AI! Stop viewing Tesla as just a car company" description: "Deutsche Bank expects that Tesla plans to more than double its capital expenditures, potentially exceeding $20 billion, with most of the funds directed towards AI training systems, data centers, custo" type: "news" locale: "en" url: "https://longbridge.com/en/news/274602819.md" published_at: "2026-02-03T05:34:28.000Z" --- # All in AI! Stop viewing Tesla as just a car company > Deutsche Bank expects that Tesla plans to more than double its capital expenditures, potentially exceeding $20 billion, with most of the funds directed towards AI training systems, data centers, custom chips, robotic factories, and new platforms, rather than vehicles. The company's FSD subscription business is expected to generate up to $10 billion in annual revenue, while Robotaxi annual revenue is also expected to exceed $15 billion Deutsche Bank's latest research report believes that Tesla is no longer just an automotive company, but a long-term investment target betting on artificial intelligence, robotics, and autonomous driving, redefining Tesla as a technology enterprise "fully committed to physical AI." This judgment stems from the strategic direction exhibited after Tesla's latest financial report. Deutsche Bank analyst Edison Yu and his team pointed out that **Tesla plans to increase capital expenditures by more than double, possibly exceeding $20 billion**, with most of the funds directed towards AI training systems, data centers, custom chips, robotics factories, and new platforms. Deutsche Bank maintains a buy rating on Tesla but has lowered its target price from $500 to $480. The downgrade reflects a more conservative expectation regarding vehicle sales and the speed of new model launches, while the bank has readjusted its valuation framework, valuing fully autonomous driving (FSD), robotaxi, and robotics as independent businesses. **In Deutsche Bank's model, Tesla's long-term value now primarily comes from software, autonomous driving, and robotics, rather than vehicle sales.** ## Surge in Capital Expenditures, AI Infrastructure Becomes Key Focus Tesla is undergoing a capital-intensive transformation. According to Deutsche Bank's estimates, billions of dollars will be invested solely in computing infrastructure to support large-scale training for autonomous driving and robotics systems. The management's goal is to "structurally disrupt labor-intensive services" through vertical integration. **The autonomous driving and robotics business has become the core of Deutsche Bank's long-term outlook. The bank noted that Tesla currently has 1.1 million FSD subscription users, and this business is expected to eventually generate up to $10 billion in annual revenue. Deutsche Bank also anticipates that by the end of this decade, the robotaxi network will expand to hundreds of thousands of vehicles, with annual revenue exceeding $15 billion.** For Tesla's humanoid robot Optimus, analysts hold an optimistic yet realistic attitude. They warn that complex engineering challenges, new supply chain construction, and slow early production will limit near-term output. ## High-Risk, High-Reward Strategic Transformation Deutsche Bank also highlighted several risk factors in the report, including weak demand for electric vehicles, intense competition, high execution thresholds in AI and robotics, regulatory scrutiny, and Tesla's reliance on Elon Musk personally. Nevertheless, the bank believes that Tesla's scale advantages, data accumulation, and vertical integration capabilities give it strong competitiveness in the event of strategic success. Deutsche Bank positions this report as an assessment of a company undergoing significant transformation: while short-term forecasts have been downgraded, the real story is that Tesla is striving to become a leader in the AI-driven mobility and automation sectors, with the potential to reshape multiple industries over the next decade ### Related Stocks - [TSLT.US - T-Rex 2X Long Tesla Daily Target ETF](https://longbridge.com/en/quote/TSLT.US.md) - [TSLG.US - Leverage Shares 2X Long TSLA Daily ETF](https://longbridge.com/en/quote/TSLG.US.md) - [TSLR.US - GraniteShares 2x Long TSLA Daily ETF](https://longbridge.com/en/quote/TSLR.US.md) - [TSLA.US - Tesla](https://longbridge.com/en/quote/TSLA.US.md) - [TSLL.US - Direxion Daily TSLA Bull 2X Shares](https://longbridge.com/en/quote/TSLL.US.md) - [TESL.US - Simplify Volt TSLA Revolution ETF](https://longbridge.com/en/quote/TESL.US.md) - [TSL.US - GraniteShares 1.25 Long TSLA Daily ETF](https://longbridge.com/en/quote/TSL.US.md) - [TSDD.US - GraniteShares 2x Short TSLA Daily ETF](https://longbridge.com/en/quote/TSDD.US.md) - [TSLQ.US - AXS TSLA Bear Daily ETF](https://longbridge.com/en/quote/TSLQ.US.md) - [09366.HK - XI2CSOPTSLA-U](https://longbridge.com/en/quote/09366.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 特斯拉在提交其 FSD 交通违规数据时遇到了困难 | 特斯拉已获得美国国家公路交通安全管理局（NHTSA）关于提交与其全自动驾驶（FSD）车辆相关的交通安全违规数据的第二次延期。新的截止日期为 2026 年 3 月 9 日，延长自原定的 1 月 19 日。这一延期遵循了延误的模式，因为 NHT | [Link](https://longbridge.com/en/news/276618754.md) | | 陆路交通管理局（LTA）表示，为特斯拉 OBU 定制的电池组符合国际安全标准 | 新加坡陆路交通管理局（LTA）确认，特斯拉车载单元（OBUs）定制电池组符合国际安全标准。这是针对特斯拉车主俱乐部提出的关于外部锂电池系统安装的安全担忧作出的回应。LTA 澄清，外部电池并非持续充电，并符合安全规定。从 2027 年 1 月 | [Link](https://longbridge.com/en/news/276526352.md) | | 特斯拉在 2025 年加州的销售额下降了 11.4% | 特斯拉在加利福尼亚的销量在 2025 年下降了 11.4%，从 2024 年的 202,865 辆降至 179,656 辆。尽管首席执行官埃隆·马斯克之前预测会增长，但消费者需求停滞，导致全球销量下降。特斯拉在加利福尼亚汽车市场仍占有 9. | [Link](https://longbridge.com/en/news/276529142.md) | | 特斯拉 Model Y 荣获 2026 年澳大利亚年度汽车大奖 | 特斯拉 Model Y 在澳大利亚被评选为 2026 年度最佳驾驶汽车，因其在当地新车市场的显著进步而受到认可。作为 2025 年最畅销的电动车，Model Y 的吸引力得益于其五年保修、全自动驾驶订阅选项以及对特斯拉超级充电网络的访问。起 | [Link](https://longbridge.com/en/news/276610545.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.