Press release: Last week, an event took place that could be a turning point in our understanding of cars. American automaker Tesla held a long-awaited event to show that Tesla is not just an ordinary car company, but also a global innovator. But is their Robotaxi truly a revolutionary moment for the automotive industry, or will we have to wait a while longer for self-driving taxis?
If you prefer a brief summary, XTB analyst Tomáš Vranka has prepared a video overview for you on YouTube.
Big innovations are expected from Tesla in the long term. The company has long been valued by investors as something more than an ordinary car manufacturer. Tesla's market value is around $770 billion, while its profit last year reached $9 billion. Pro By comparison, Germany's Volkswagen, a traditional carmaker, is worth around $50 billion and reported a profit of $19 billion. In this light, it is Tesla's value is almost at the level of all other car companies combined. So the market values Tesla much higher than any other car company, and even higher than tech giants like Apple, Microsoft, Meta, Alphabet or Nvidia.
But what is behind this assessment? Tesla and its CEO Elon Musk have long promised a revolution in energy and transportation. Most cars today sit unused most of the time, either at home or at work. However, Tesla promises to completely change this concept, thanks to full autonomy. This means that the car could, for example, drive other people while its owner sleeps or works. In other words, you go to work and your car can earn money by transporting other passengers.
This vision could lead to a more efficient use of resources in the economy , which would bring benefits to everyone. Autonomous vehicles could also be safer and more comfortable than current transportation, as passengers could spend their time on other activities. Investors expect Tesla to be able to use its know-how and generate significant profits from software. This is why Tesla is seen more as a technology company than a classic automaker.
After years of delays, Tesla toonerevealed her vision for the future. Last week, it unveiled a long-awaited fully autonomous car called the Cybercab, which should cost no more than $30. This the car, without a steering wheel or pedals, should be able to transport passengers without any human intervention. Elon Musk He also revealed that the car will charge wirelessly, which is a major innovation compared to current electric cars. In addition, the car is expected to be 10-20 times safer than conventional cars and the cost per mile should be only $0,2. Production should begin between 2026 and 2027Along with Cybercab, Tesla introduced new uses for the Optimus robot, which could sell for $20 to $000. Elon Musk also introduced a futuristic Robovan, capable of transporting up to 20 people.
The question remains whether it will be enough. Tesla is setting the course and revolutionizing the automotive industry. But to turn his visions into reality, he will need to get the necessary permits from regulators and get these cars on the roadHow will the company use its technology and whether it will be able to successfullyoneto monetize their software remains unclear. There are many cases where a company had an excellent product but failed to successfully monetize it. For example OpenAI, a leader in artificial intelligence, expects cumulative losses in the tens of billions of dollars in the coming years. But if Tesla makes good on its promises and delivers millions of these vehicles over the next few years, it could mark the biggest revolution in transportation since the automobile. Currently, however, it appears that investors weren't too thrilled with the presentation, and Tesla's stock price is down around 10%.
You can find more information on this topic in Tomáš Vranka's new video: Did Tesla prove yesterday that it is not just an ordinary car company?
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