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Why Tesla's Future Hinges on Robotaxis and its Growing Energy Business

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by Giorgi Kostiuk

4 hours ago


This article examines recent changes in Tesla, including Elon Musk's exit from politics and their implications for electric vehicle sales.

Elon Musk's Exit and Tesla's Sales Decline in Europe

Elon Musk officially exited the political scene at the end of May, coinciding with a sharp decline in Tesla's sales in Europe. Sales fell nearly 50% year-over-year in April, amid rising competition from Volkswagen and Chinese manufacturers.

Tesla's Autonomous Taxis: Trials and Prospects

The launch of Tesla's robotaxis is scheduled for late June, marking an important trial for the company. The current rating of Tesla's Full Self-Driving system is at level 2 on the SAE scale, while competitors have reached level 4. Successful launches could significantly enhance Tesla's market capitalization.

Tesla's Energy Business and Robotics

Tesla's energy business is showing significant growth, with $2.6 billion in profit in 2024. Energy storage solutions like Megapack are contributing to this success. The company also continues to develop its robotics projects, particularly the Optimus robot.

The design of robotaxis and the development of the energy business will be key factors for Tesla's future as the company faces declining sales and rising competition in the market.

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