Tesla Motors (TSLA) / Elon Musk 03 (Jan 24 - Dec 26)

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Musk's Anti-Woke Grokipedia Has Landed - Hosts 900,000 Articles On Day 1
https://www.zerohedge.com/political/mus ... cles-day-1

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Tesla Shareholders Approve $1 Trillion Pay Package For Elon Musk
https://www.zerohedge.com/markets/previ ... al-general

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Musk’s fortune soars above US$600 bil on new SpaceX valuation
https://www.theedgesingapore.com/news/t ... -valuation


Tesla is seeing a big decline in Europe
https://x.com/Mayhem4Markets/status/2000231601922576801

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Tesla Publishes Downbeat Wall Street Estimates For Vehicle Sales
https://www.zerohedge.com/markets/tesla ... icle-sales

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Tesla Q4 Deliveries Fall 16% As Investors Pivot Toward Robotaxi, Optimus
https://www.zerohedge.com/markets/tesla ... ture-focus

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Musk's 2025 is Full of Surprises

從政治到科技 馬斯克的2025充滿驚奇【短篇】#TVBS文茜的世界財經周報 20260104

https://m.youtube.com/watch?v=alHaR3yXHqM

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Tesla Surges After Reporting $2BN Investment In xAI, Stronger Than Expected Profit
https://www.zerohedge.com/markets/tesla ... ted-profit

[winston]

not vested

Tesla - Stock Analyst Research
Target Price* 215.00
Recommendation SELL

Tesla Inc. – All-in on autonomous vehicles and robotics

4Q25 results were above our expectations.

FY25 revenue/adj. PATMI was at 109%/111% of our FY25e forecasts, driven by higher-than-expected auto gross margins.

Adj. PATMI (excl. stock-based compensation, “SBC”) fell 16% due to a decline in vehicle deliveries, lower regulatory credit revenue, and higher OPEX from AI and R&D projects.

418k deliveries (-16% YoY), a record YoY decline from the removal of the US$7,500 EV tax credit.

Gross margins improved by 3.8% points YoY and 2.1% points QoQ.

ASPs rose by 6% YoY as selling prices of EVs rose with the removal of the EV tax credit, while auto revenue declined by 11% YoY from lowered demand due to the higher prices.

We maintain our SELL recommendation and a lower DCF target price of US$215 (prev. US$220) as we roll over our valuations to FY26e.

We lower FY26e earnings by ~29% as we lower auto revenue and raise OPEX estimates.

We expect auto deliveries to continue declining in FY26e due to the removal of the US$7,500 EV tax credit in the US.

Our WACC/growth rate assumptions of 9%/5% remain unchanged. We remain cautious on TSLA. It faces multiple headwinds, including tariffs, loss of tax credits, and a decline in market share in China.

Significant revenue contribution from multi-year initiatives (FSD, Robotaxi, Optimus robot) is still far out (>5 years), and steep valuations of ~360x PE FY26e suggest this has already been priced in.

Source: Phillips

https://www.poems.com.sg/stock-research/TSLA/

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Tesla Shares Jump 5% After Musk Reportedly Mulls Merging SpaceX, xAI, Tesla Merger
https://www.zerohedge.com/markets/tesla ... sla-merger