Itay Michaeli, a senior auto analyst at TD Cowen, shares insights on Tesla's recent struggles with declining earnings and the challenges posed by competitors like Waymo and Chinese automakers. They dive into the political impact on EV sales in the U.S. and explore the future of autonomous vehicles, discussing market dynamics and technological advancements. Michaeli also highlights other notable companies in the auto sector and reflects on Tesla's valuation, indicating a strong yet competitive landscape ahead.
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Aging Platform Hurt Tesla Profits
Tesla’s earnings fell because it relied on a single platform (Model 3/Y) and let designs age.
In this episode of The Real Eisman Playbook, Steve is joined by Itay Michaeli, the senior auto analyst at TD Cowen. The two of them discuss all things Tesla, from the company’s declining earnings, the impact of Elon Musk’s politics, the battle with Waymo, and much more. They also discuss China’s status in the AV race, the future of autonomous EV vehicles, and other notable companies within the auto sector.
0:00:00 - Intro
0:02:08 - Why Have Tesla’s Earnings Gone Down Since 2022?
0:11:10 - Elon Musk’s Politics
0:14:51 - The Impact of the Trump Bill
0:19:00 - The Charging Situation in Blue States vs Red States
0:22:44 - Autonomous Vehicles
0:26:40 - Waymo vs Tesla
0:35:19 - The Future of Autonomous EV Vehicles
0:38:14 - China’s Place in the AV Race
0:41:25 - Tesla’s Valuation
0:46:08 - The Austin Event
0:48:08 - Other EV Companies That Could Challenge Tesla
0:49:55 - GM, Ford, and the Rest of the Auto Sector
0:52:55 - Aptiv
1:00:01 - Itay’s Top Stocks Right Now
1:00:45 - The Future of Tesla
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