Tesla's product strategy (e.g., Roadster) is unclear and unlikely to boost revenue significantly, but the company maintains a strong market position with growing EV sales.
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Turning to Tesla, the week began at 361, and Tesla shares rose by about 1% this week to reach 364. This comes as the National Highway Traffic Safety Administration (NHTSA), the government agency that oversees traffic safety, conducts an audit.
They want Tesla to provide answers about the "Cyber Cab". Given that a company like Amazon has obtained permits to launch Zoox taxis that have no brakes or accelerator pedal, I think Tesla may have been a little lax when it came to unveiling the Cyber Cab.
However, I suppose Tesla can somehow overcome this obstacle. They have until September 30, about two weeks or so, to respond to the National Highway Traffic Safety Administration regarding the design of the "Cyber Cab".
My guess is that they will probably point out the fact that these vehicles are already in operation and , fortunately, no serious accidents have occurred so far .
Now, the company plans to unveil the next generation of the "Roadster" car. This revelation will take place on October 1st. While the company continues to release cars that no one wants to buy.
CyberTrack was one of them. And now, I drive a "Cyber Truck". I think it's a great product, but I don't mind saying it's an elite car ( top 1%), and I'm not really talking about the price here.
It's not a car suitable for everyone. This "roadster" car will be the same. So, I'm not really sure about Tesla's strategy. If they had introduced a three-row SUV priced at $80,000 to $90,000 with a normal appearance, it would likely have become one of the top 10 best-selling cars in North America.
But they will be introducing this two-seater roadster, which is more like a show car, usually only driven by residents of Newport Beach. I say this with all due respect, I have visited Newport Beach and there are many good people there, but no one will buy this roadster.
So , I'm not sure about the strategy here. It may get a lot of attention, but it won't change much in terms of revenue perspective.
If they had introduced a three- row SUV priced at $80,000 to $90,000 with a normal appearance, it would likely have become one of the top 10 best-selling cars in North America.
But they will be introducing this two- seater roadster, which is more like a show car, usually only driven by residents of Newport Beach. I say this with all due respect, I have visited Newport Beach and there are many good people there, but no one will buy this roadster.
So , I'm not sure about the strategy here. It may get a lot of attention, but it won't change much in terms of revenue perspective.
This comes as the company's sales of electric vehicles continue to grow, at a time when competitors such as Ford and General Motors are not selling many units. Tesla captured 52% of electric vehicle sales in America through August, up from 43% last year, as competitors faltered and the Trump administration relaxed rules requiring companies to produce a certain number of electric vehicles.
We'll see if management changes in two years, however, Tesla remains in a good position.
As for Tesla, I mean it's a little different technically. It still follows all the technical rules, but given the nature of the company's business and its maturity, and perhaps the prospects of their other products, this stock will fluctuate around its moving averages a little more .
Certainly more than companies like Nvidia, Apple, or Amazon. Currently, it is still below its 200-day moving average as Tesla enters next week. I'd like to see it climb over it, but I don't know if a roadster would do the trick .
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