From Morningstar: 2025-04-23 04:31:00

Tesla reported lower revenue and profits in Q1, following a 13% deliveries decline. Affordable vehicle production and robotaxi testing remain on track. CEO Elon Musk plans to spend less time advising the US government to focus on Tesla. Shares are fairly valued at $250 with a narrow moat rating. Tariffs will impact profits, but autonomous driving software adoption forecast is increased.

Tesla’s current auto lineup is near market saturation, with deliveries expected to improve in Q2 and grow in the second half of 2025. Robotaxi testing is a key milestone for Tesla’s plan to offer a robotaxi service in select markets by 2026. Musk reducing his advisory role alleviates market concerns about distractions and brand impact.



Read more at Morningstar: Tesla Earnings: Affordable Vehicle Production and…