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George Pearkes
@peark.es
Bluesky’s resident finance bro | Macro Strategist | Even the blind squirrel get a nut sometime. | QCR: Non Culto | American via Canada, not Scottish. *ALL CAPS HEADLINES LIKE THIS ARE FROM BLOOMBERG 📍 CLT
5.6k followers583 following15.4k posts
GPpeark.es

Sell side reaction to TSLA’s Robotaxi event last night: underwhelmed.

• Barclays analyst Dan Levy (equal weight, PT
$220)
• Tesla's Cybercab demo was similar to prior sketches, but "the event was light on the details"
• "Consumers able to buy Cybercab, but Tesla also likely planning to operate fleet," Levy said
• The near-term stock reaction is likely to be sell the news, "as the focus now shifts back to fundamentals - which has been neutral at best"
• Baird analyst Ben Kallo (outperform, $280)
• The company did not unveil a lower-cost vehicle which can be manufactured on existing factory lines.
• Investor attention will now shift to auto margins in the near term as the company reports 3Q results on
Wednesday
• Bloomberg Intelligence analyst Steve Man
• "Tesla will likely need to add steering wheels and pedals to scale its robotaxi production by 2026"
• However, the robotaxi announcement provides a better visibility of the company's capabilities in affordable cars and autonomy
• Click here for the note
• Citi analyst Ronald Josey
• Tesla's event clarified the company's vision and timeline for its robotaxi - leading us to be "incrementally positive on Uber shares as a result"
• "Importantly, details regarding distribution or a potential ride-hailing app for the Cybercab were limited, which leads us to believe it's still possible that Tesla could partner with Uber for distribution in the future"
• Jefferies analyst John Colantuoni
Tesla's event is a best-case outcome for Uber as the automaker did not provide verifiable evidence of progress in its self driving technology and it also did not outline the number of robotaxis planned
• Morgan Stanley analyst Brian Nowak
• Tesla's $0.20 cost per mile estimate is in line with expectations, confirming its cost advantage
• "This speaks to TSLA's current theoretical cost advantage over Uber's current cars and Waymo"
13

Mmarcosantana.bsky.social

Elon knows that Tesla can’t compete as a car company. As a tech company they own technology which is becoming less competitive. Ironically, if Ford are able to develop a leasing model like Apple does with new phones they are done.

0
Mmarcosantana.bsky.social

If Ford buys Uber, Tesla will be F’d

1

Only John got this right: Tesla didn’t show anything that can be proven or disproven. A tech demo of what they pinky swear they’ll deliver in 2026 is worthless; Musk lies about this stuff constantly and you’re a sucker if you take his word alone.

0
JSjimlsilver.bsky.social

Love its "theoretical cost advantage."

0
Ddarthbluesky.bsky.social

george: Tesla's $0.20 cost per mile estimate is in line with expectations, confirming its cost advantage "This speaks to TSLA's current theoretical cost advantage over Uber's current cars and Waymo" tesla *claims* a cost per mile 'in line with expectations' so they have a cost advantage?

4
GPpeark.es

If you're wondering why the analysts who cover this stock are all so credulous about obviously ridiculous claims from Elon...self preservation is the first law of nature. Oh also, stock -5.5% pre-market so far.

4
tom4okstate.bsky.social

Then there's Ives.

0
Dfinagle-a-hegel.bsky.social

Nothing like "current theoretical cost advantage" to get an investor excited

0
SHshadowhedgie8.bsky.social

wait where is my Adam Jonas copium

1
Enotdred.bsky.social

Some of this is still so incongruous, like Baird guy who says this event is meaningless but still rates the stock as “outperform”

1
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George Pearkes
@peark.es
Bluesky’s resident finance bro | Macro Strategist | Even the blind squirrel get a nut sometime. | QCR: Non Culto | American via Canada, not Scottish. *ALL CAPS HEADLINES LIKE THIS ARE FROM BLOOMBERG 📍 CLT
5.6k followers583 following15.4k posts