Overview

• Elon Musk said roughly 80% of Tesla’s value will come from Optimus, sharpening the company’s repositioning around humanoid robotics.
• Analysts expect Tesla’s 2025 earnings to drop nearly 30% as vehicle demand weakens.
• Tesla shares trade at about 155 times forward earnings, the richest multiple in the Magnificent Seven.
• Tesla’s robotaxi effort is viewed as years from profitability and faces strong competition from Alphabet’s Waymo.
• Nevada authorized Tesla to begin autonomous-vehicle testing, adding a new venue for its self-driving program.