bearish

Tesla

The Most Surprising Thing About Tesla's 3Q24

197 Views25 Oct 2024 05:27
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SUMMARY
  • For years, the company’s execution in the automotive hardware business has been disappointing.

  • The staler the product line-up got, the more margins got squeezed and growth expectations faltered.

  • This has put the FSD optionality front and center in the Tesla bull case. So much, that I had previously estimated that it commands north of 70% of the market capitalization.

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