Revisiting Tesla

Tesla is facing increasingly strong competition in autonomous driving and intelligent robotics

Tesla is now encountering challenges from all aspects, which is the main reason for the recent decline in TSLA stock:

1. Autonomous driving.

A. NVDA, Mercedes-Benz, and other companies jointly launched autonomous driving chips and software

B. UBER and Lyft, along with other companies, have begun launching their own autonomous driving cars and software systems

C. The rapid development of autonomous driving in China. Especially Baidu's launch of autonomous driving in London, Western society.

2. Intelligent robotics

Google Deep-mind and the pioneer in robotics, Boston Dynamics, jointly launched AI-driven intelligent robots and performed demonstrations.

These new types of robots can not only do what humans can do but, more importantly, can also perform actions that humans cannot, such as 360-degree waist, leg, and head rotations, among other highly difficult movements.😇

Musk's response

1. Musk appears unfazed on the surface, claiming he won't lose sleep over it, and even generously wishes these competing companies success.😇👀😰

2. However, it is truly hoped that Musk and Tesla will seriously consider these strong competitors, significantly enhance their competitive capabilities, and achieve breakthrough progress in autonomous driving and intelligent robotics.

3. The promising prospects of autonomous driving and intelligent robotics are the main reasons for Tesla's astonishingly high stock price (Forward P/E as high as 200+). If Tesla loses its advantage in these areas, its stock could have significant downside potential.