Tesla (TSLA) reported record Q3 results, with $4 billion in revenue and a $41 billion cash reserve. Deliveries in Greater China, Asia-Pacific, and North America surged 33%, 29%, and 28%, respectively. CEO Musk sees this as an “inflection point” for Tesla’s transportation revolution driven by AI.

Tesla leads in real-world AI with 6 billion FSD miles and a Robotaxi fleet covering 1.25 million miles. The company plans to expand into eight to ten metro areas and monetize FSD technology further, with only 12% of the fleet currently paying for it.

Tesla’s Version 14 update promises smarter parking and more human-like driving behavior. The new AI5 chip offers 40 times the performance of AI4, creating a competitive advantage. The company’s energy storage business thrives despite challenges, and the Optimus humanoid robot program aims to produce 1 million units annually by late 2026.

Analysts predict a 24.7% annual revenue growth for Tesla between 2025 and 2029, with earnings expected to grow by 60% annually. If TSLA meets these targets, shareholders could see 40% gains in the next 40 months. Despite this potential, the average recommendation for TSLA stock remains a “Hold,” with a target price of $377, 17% below current levels.

Read more at Yahoo Finance: It’s ‘Going to Be Like a Shockwave’ When Tesla’s AI Innovations Hit. Should You Buy TSLA Stock First?