Tesla’s stock recovery is set to slow and change much more than before. [Tesla’s collapsing stock price: Will it end after $100 again?]

Hello, I’m Lim Eunyoung of Samsung Mobility.

Tesla shares fell again yesterday, falling below $150.
This is due to uncertainty about the Model 2 project and concerns about restructuring costs.

Elon Musk has dismissed media reports about the cancellation of Model 2 production as a hoax, but has since grown uncertainty by responding to related reports and questions from the X account.

No matter how technological moat there is, low-cost electric vehicles are an indispensable factor in Tesla’s growth. 

Data is at the heart of AI technology development, and low-cost electric vehicles are needed to increase sales and accumulate driving data.

In addition, production process innovations such as Unboxed Process, Optimus, and Giga Casting have all been understood as technologies for producing low-cost electric vehicles.

The Indian market, which is expected to be Tesla’s next entry market, is focused on $10,000 to $1.5 million vehicles, and low-cost electric vehicles are also needed to enter the Indian market.

As a result, it is presumed that low-cost electric vehicles have been delayed due to the priority of investment costs, not withdrawal. In a situation where we don’t know when the high-interest environment will end, it can be dangerous to proceed with autonomous driving, factory expansion, and new model development at the same time.
  
As Tesla has shifted to a step-by-step growth strategy rather than an aggressive ecosystem expansion strategy, Tesla’s stock price recovery is also expected to be slower than in the past.
 
However, as the cost and difficulty of autonomous driving are identified, competing automakers are more likely to adopt licensing rather than self-development.

(2024/4/19 Announcement Data)