- Ron Baron said FSD adoption is the primary reason to buy Tesla stock now and downplayed Optimus robots as dystopian; Tesla reported 1.48 million active FSD subscriptions in Q2, up 56% year-over-year, with services revenue up 50%.
- Fitch assigned Tesla a first-time BBB issuer default rating with a stable outlook, warning that heavy capital expenditure and increased AI investment can lead to negative free cash flow and pressure near-term margins.
- Tesla's FSD v15 is progressing with 40% of its architecture live in Austin robotaxis, and the company received Czech provisional approval for FSD rollout.
- Tesla's Optimus production ramp is delayed, pushing external sales expectations to potentially H2 2027, while Powerwalls dispatched about 517 MW to California's grid.
- Tesla traded around $378.90 after a quarter with record revenue of $28.2 billion but a 57% fall in operating income; catalysts include $50,000 Roadster deposits, Grok in the dashboard, and an October 1 reveal event.
Quotes
“FSD's adoption is the primary reason to buy Tesla stock now”
“Fitch assigned Tesla a first-time BBB issuer default rating with a stable outlook”
“option value of Robotaxi, Optimus, and FSD licensing”