1 day ago
1
Lee Samaha, The Motley Fool
Sun, April 26, 2026 astatine 4:25 PM CDT 5 min read
After the caller net study and update, the statement implicit Tesla (NASDAQ: TSLA) banal is lone going to intensify. There was thing for the bulls and the bears successful the report, but, surprisingly, it undercut each side conscionable a bit. Confused? I'll explain.
In general, the bullish and bearish statement implicit Tesla has ever been astir what matters more: today’s numbers oregon tomorrow’s possibilities.
Will AI make the world's archetypal trillionaire? Our squad conscionable released a study connected a little-known company, called an "Indispensable Monopoly," providing the captious exertion Nvidia and Intel some need. Continue »
The bears reason that Tesla is fundamentally a car company. They spot a higher weighting connected numbers now, specified arsenic electrical conveyance (EV) income and afloat self-driving (FSD) subscriptions, portion holding occurrence connected pricing successful robotaxi oregon Optimus gross until it starts to go -- oregon astatine slightest look -- tangible connected the horizon.
In contrast, the bulls ticker each robotaxi rollout and Optimus development, arsenic they spot them arsenic yet governing the stock's valuation implicit the agelong term. Yes, EV income are evidently important too, but the bulls' main absorption is connected the timeline of the robotaxi development.
That quality successful position often leads bears to decry the company's declining EV sales, portion bulls laud the robotaxi rollout arsenic a harbinger of ace profits to come. But here's the thing: Tesla revealed amended quality connected its EV business, portion delivering immoderate antagonistic quality connected its robotaxi and different initiatives.
While the first-quarter EV deliveries information were underwhelming and missed Wall Street estimates, CFO Vaibhav Taneja said: "[W]e person seen a resurgence successful request successful EMEA and definite countries similar France and Germany showing implicit 150% quarter-over-quarter maturation successful deliveries," and "in the U.S., we person seen a flimsy maturation successful presumption of quarter-over-quarter deliveries." He past argued that Tesla had the highest bid backlog successful Q1 successful much than 2 years, with rising gasoline prices positively affecting it.
Meanwhile, FSD subscriptions reported a 16.4% sequential summation and a 51% year-over-year increase, and churn declined arsenic drivers progressively spot the benefits of autonomy.
On the second-quarter 2025 net call, CEO Elon Musk famously told investors that robotaxis would astir apt beryllium disposable to fractional the U.S. colonisation by the extremity of the year, and unsupervised FSD would beryllium disposable for "personal usage by the extremity of this twelvemonth successful definite geographies."
English (CA) · 
English (US) · 
Spanish (MX) ·