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On Wednesday, Tesla Inc. (NASDAQ:) maintained a Perform rating from Oppenheimer despite predictions that the first quarter of 2024 may fall short of expectations. The reaffirmation follows an investor meeting held after a scheduled tour of Tesla's Berlin factory was canceled due to an arson attack that targeted the local power supply.
The company is actively addressing the challenges of increasing production scale and reducing vehicle costs. At the same time, Tesla is improving its leadership in artificial intelligence for real-world applications. The importance of consistent data collection is highlighted as Tesla vehicles collect information that not only powers Fully Self-Driving (FSD) programs, but also contributes to mapping the movement of people and objects within the built environment. I did.
While the timeline for the maturity and potential profitability of these technologies is unclear, Tesla is investing in the infrastructure and teams needed to maintain its lead in physical world AI.
In the short term, Tesla is seeing stronger pricing for its Highland models and, in addition to pursuing growth in new target markets, is looking to shift car sales from Germany to other European countries. I found it to be quite simple.
March is expected to be a pivotal month for Tesla's first-quarter results due to concerns about overall price weakness and a weak start to the year's sales. The company's efforts in the coming weeks will be critical in shaping its final results in the first quarter of 2024.
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