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I helped build the system that's destroying you (from TheoTrade) |
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Musk changed the story. |
Tesla isn't selling cars anymore, it's selling a bet on robots and AI that won't ship for years. |
Tesla's Q3 revenue hit $28.1 billion, up 12% from last year. |
Those are solid numbers. |
But something bigger is happening. Does his timeline match reality? |
Numbers That Matter |
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Automotive revenue grew 6% YoY to $21.2 billion. |
That sounds good until you notice what else moved. |
Energy storage deployments jumped 81%. That's not a typo. |
Services revenue climbed 25%. |
And here's the thing that matters: operating margins fell to 5.8%. |
Tesla's core business is making less money per vehicle while facing higher costs from tariffs and lower production volumes. |
The company launched cheaper models, Model 3 and Model Y Standard versions starting under $40,000, to compete after the U.S. EV tax credits expired. That's defensive positioning, not growth strategy. |
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Where the Money's Really Going |
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Tesla $TSLA ( ▼ 3.73% ) spent $1.6 billion on research and development this quarter. |
A big chunk of that went to AI and robotics, not new car models. |
The company added 81,000 H100-equivalent GPUs for AI training. |
They struck a deal with Samsung to manufacture advanced semiconductors in the U.S. |
Their self-driving system, FSD, has now logged 6 billion miles of real-world driving data. |
That infrastructure doesn't exist to sell more Model Ys. |
It exists to power something else entirely. |
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During the earnings call, Elon Musk positioned Optimus, their humanoid robot, as potentially "the biggest product of all time." |
He called it an "infinite money glitch" that could lead to "sustainable abundance" and even eliminate poverty. |
That's big talk. |
But here's what backs it up: Tesla plans to show a production-ready prototype in Q1 2026 and start mass production by late 2026. |
The goal? One million robots per year. |
These robots will use the same AI systems as Tesla vehicles. |
Musk said most of the "real-world artificial intelligence we've developed for the car transfers to Optimus." |
They'll even use voice tech from Grok, his xAI company. |
He's already planning version 4 (10 million units) and version 5 (50 to 100 million units). |
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The Robotaxi Reality Check |
Tesla launched ride-hailing in the Bay Area using their Robotaxi technology. They're expanding in Austin. |
The Cybercab is scheduled for volume production in 2026. |
This isn't a side project. It's the next business model. |
Instead of selling you a $50,000 car, Tesla wants to operate a fleet that generates recurring revenue every time someone takes a ride. |
Every Tesla on the road today is designed for autonomy. |
Every energy storage product can be optimized by their AI-powered virtual power plant. |
The hardware you buy now is a platform for services they'll charge for later. |
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What This Means |
Tesla's $TSLA shifted from a capital-intensive manufacturing business to a software and services model with higher margins. |
Making cars requires billions in factory investments, supply chain management, and thin margins. |
Selling AI-powered services requires code, data, and infrastructure that scales without building new factories. |
Tesla ended the quarter with $41.6 billion in cash. |
They're not worried about funding. They're worried about execution. |
But here's the risk: if autonomous driving doesn't work at scale, or if Optimus turns out to be years away from reality, Tesla is spending billions on moonshots while their core business faces increasing competition from cheaper EVs in China and Europe. |
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The Bottom Line |
Tesla $TSLA delivered strong quarterly results. |
Revenue grew. Cash flow hit records. Energy storage is booming. |
But the real story isn't in this quarter's numbers. |
It's in where the company is placing its bets for the next decade. |
Musk said it clearly: Tesla is pursuing "a future of sustainable abundance" across transport, energy, and robotics. |
Do you believe Musk delivers robots and robotaxis before competitors catch up and car margins disappear completely? |
That's the only question that matters now. |
Elon Musk plans to start mass-producing one million Optimus robots per year by late 2026. Will he hit this target? | |
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Trader Insights Media tracks thousands of companies every week using rigorous financial analysis. |
Here's what smart investors are watching right now: |
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