※Tesla comment from Samsung Securities

Hello, I’m Lim Eun-young of Samsung Mobility.

Tesla reported second-quarter earnings. Revenue beat Bloomberg Consensus by 3.5%, but EPS missed the consensus by -13.
The main call didn’t make much progress compared to the first quarter, with the after-hours share price at -8.3%.

What’s driving Tesla’s stock price right now is not earnings, but expectations for 1) RoverTaxi, 2) FSD Licensing, and 3) low-cost car launches in early 2025. With EV sales and profitability expected to remain sluggish in the second half of the year, stock prices are likely to become volatile when sales are announced or earnings are released.

However, it confirmed that the low point of earnings had passed as the second quarter improved from the first quarter and the performance improvement of its energy and services divisions was underway.

The stock will be boring for a short period of time, but it’s likely to head right again as the unveiling date for the robotaxi in October approaches.
Meanwhile, Tesla’s AI technology needs at least two to three years to be commercialized.
Rather than expecting an explosive rise in stock prices, such as the initial commercialization of electric vehicles, it is time to watch with ease.

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