Tesla's financial success now relies on more than car sales

US Stock Discussions
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Tesla’s financial success now relies on more than car sales. This sets it apart from companies like Volkswagen and General Motors, which are struggling with high costs and low demand. In the third quarter, Tesla sold $20 billion worth of vehicles and reduced production costs.

However, a lot of profit came from selling carbon credits and its expanding battery and solar panel business. These areas boost Tesla’s revenue and stock value. Currently, Tesla is valued at $750 billion. This reflects investor confidence not just in its cars, but also in Elon Musk’s broader vision.

This vision includes projects like self-driving robotaxis and the humanoid robot, Optimus. So, Tesla’s market value is more about faith in Musk’s innovative plans than just car sales profits.

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It’s impressive how Tesla is expanding beyond just car sales. By generating profit from carbon credits and their growing battery and solar panel business, they’re setting themselves apart from traditional automakers. This diversification might be why investors have so much confidence in Elon Musk’s broader vision, including projects like self-driving robotaxis and the Optimus robot.

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Tesla’s ability to reduce production costs while selling $20 billion worth of vehicles is a game-changer. They’re not just surviving but thriving in an industry where giants like Volkswagen and GM are struggling. Elon Musk’s vision seems to be paying off big time.

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