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Elon Musk continues to push forward with an Initial Public Offering of SpaceX.
It’s estimated that the valuation could exceed $1.5 trillion. That would make the company as valuable as Tesla.
Here’s how to claim shares before it starts trading.
Tesla plans to release its quarterly earnings after the market close.
The earnings report isn’t expected to be very good. Analysts estimate that sales will drop by a billion dollars and EPS will fall 41%.
Shareholders don’t seem concerned. They’re far more interested in the future of Tesla – rather than its past.
Tesla started out as an EV automaker. Now the company is transitioning to become a robotics company that uses Artificial Intelligence. The company’s self-driving cars and human-like robots are the future of the company.
There are three things to watch in the earnings report and conference call.
EV business: tax credits for EVs expired in September and that makes these cars less affordable. This is negatively impacting sales of Tesla vehicles and causing a drop in sales and profits. Investors will want to see that this core business is stabilizing.
Robotaxi: Tesla launched a robotaxi service in Austin Texas this year. The company plans to rollout driverless ridesharing in additional cities in 2026. Investors will be focused on updates from Austin and plans to expand services to other major cities.
Humanoid Robotics: Optimus is the company’s human-like robot. The robot is not currently available and is still being developed and improved. Investors will want to see a roadmap and timeline for the commercialization of Optimus.
The Tesla earnings call starts today at 5:30pm.
Elon may reveal important details on his new Space Master Plan during that call. It’s also possible that he’ll give an update on the upcoming SpaceX Initial Public Offering.
Get details on this mega deal right here.
I’ll send you an update tomorrow.
Ian Wyatt