Tesla Stock Performance and Future Prospects
Tesla’s stock (NASDAQ: TSLA) has increased by 134% over the past three years, significantly outperforming the S&P 500. As investors remain optimistic about the company’s upcoming AI-powered services and the Optimus humanoid robot, Tesla is preparing to increase production, expecting to reach 1 million units annually. Production of Optimus is anticipated to start by the end of 2023, with a new version being showcased in the first quarter of 2024.
In its transition towards a service-based business model, Tesla aims to monetize Optimus akin to its robotaxis and full self-driving subscriptions, potentially leading to substantial annual earnings growth of 25%. This transition may position the stock to double in value over the next few years, reflecting the expected future earnings from Optimus. The company also holds a key advantage with access to real-world data from its vehicle fleet for AI training.
