Tesla

Earnings can anchor the downside. However, with AI catalysts pushed back across the board, the stock will likely trade range-bound.

Order backlog hit a four-year high. In North America, over 75% of new vehicles delivered include an FSD subscription at delivery.

Tesla has made a key shift. It has moved from a concept demo to real-world commercial passenger operations.

AI5 chip expected to enter mass production by mid next year

Key milestones for the AI biz. have yet to be validated. Investor concerns about the uncertainty of AI monetization are likely to intensify.

FY26 CapEx is expected to exceed $25bn. The company is in a heavy investment cycle that is likely to last several years.

Is the monetization timeline for the big AI push slipping again?

CyberCab's long-term annual production target will exceed the company's current aggregate output of all legacy models. In other words, it aims to produce more than all traditional models combined.

The auto sales business has not slipped into a vicious cycle where soft volumes drag down earnings. Results remain resilient despite volume pressure.

TSLA at $1.5tn: priced for the future, or still undervalued as an AI crown jewel?