Musk Predicts Future Currency Will Be Mass and Energy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy TSLA?
Source: Yahoo Finance
- Future Currency Vision: Tesla CEO Elon Musk predicts that the global currency of the future will be mass and energy instead of the U.S. dollar, echoing his previous views on Bitcoin's inherent energy value and its inability to be faked by governments.
- Solar Computing Ambition: Musk envisions SpaceX deploying solar-powered computing over the next 30 years, starting at 100 GW and scaling to 16 million TW, potentially transforming the solar system into a massive AI infrastructure that significantly enhances energy production capabilities.
- Economic Impact Analysis: Against a backdrop of global uncertainty and rising U.S. fiscal deficits, Musk's views raise questions about the traditional currency system, with analysts predicting a “controlled decline” of the dollar index, potentially dropping to 94 by Q2 2026.
- Future Income Concept: Musk believes that advancements in AI and robotics will dramatically boost productivity, making goods and services nearly free, thereby rendering traditional retirement planning irrelevant and suggesting a future of “universal high income” where basic needs are automatically met and work becomes optional.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to fall
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 417.070
Low
25.28
Averages
401.93
High
600.00
Current: 417.070
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Application Requirements: Applicants are required to mention three challenging technical problems they have solved in their application emails, which aims to identify highly skilled individuals to support Tesla's chip production expansion strategy.
- Investment Expansion: Tesla is also hiring silicon module process engineers in locations like Austin and Palo Alto, demonstrating a comprehensive expansion plan in chip manufacturing, alongside a commitment to invest approximately $2 billion into xAI to bolster its technological capabilities.
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- Stagnant EV Business: Despite a reduction in average production costs, Tesla's net profit per vehicle fell to just $4,000 by the end of 2023, significantly lower than the $10,000 achieved in 2022, indicating the adverse impact of intensified competition on profitability.
- New Business Ventures: Tesla plans to launch household robots priced between $20,000 and $30,000 by the end of 2027, a move that may be driven by the stagnation of its EV business, highlighting the company's urgent need for diversification.
- Intensified Market Competition: Global EV sales reached 20.7 million in 2023, a 21% increase, with competitors like BYD and Volkswagen capturing significant market share, suggesting that Tesla's dominance in the EV market is being challenged.
- Uncertain Future Outlook: While Tesla's prospects in autonomous driving and solar energy are promising, market skepticism remains regarding the profitability and timelines of its new ventures, as analysts generally value TSLA stock at only $422.09, reflecting investor uncertainty about future growth.
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- Declining EV Profitability: As of the end of last year, Tesla's net profit per vehicle was only $4,000, significantly down from $10,000 in 2022, indicating severe challenges to profitability amid the ongoing EV price wars.
- Intensifying Market Competition: Global EV sales reached 20.7 million units in 2023, a 21% increase, with Tesla losing market share to competitors like BYD and Volkswagen, undermining its position in a rapidly growing market.
- Investor Confidence Shaken: Despite Musk's continued optimism about the future, analysts have set a target price of only $422.09 for Tesla stock, reflecting concerns about the outlook for its EV business, leading investors to adopt a cautious stance regarding the company's diversification strategy.
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- Robotaxi Trials: Tesla is currently conducting trials of its Robotaxis in Austin, showcasing its advancements in self-driving technology and potentially laying the groundwork for future business models.
- AI Investment: The company is increasing its investments in artificial intelligence and machine learning to enhance its vehicles' self-driving capabilities, a strategy that will further solidify Tesla's leadership position in the electric vehicle market.
- Technological Competition: While Tesla relies heavily on cameras for its self-driving technology, Musk's vision contrasts with competitors like Waymo, which emphasizes standards that surpass human driving capabilities.
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- Market Competition Pressure: Currently, Lucid's models are priced over $100,000, making them unaffordable for most consumers, while Tesla's Model 3 and Model Y account for 90% of its sales, indicating that Lucid must quickly adjust its strategy to remain competitive in the market.
- Strategic Shift Direction: Lucid's management has indicated a long-term goal of shifting sales focus from hardware to software, planning to supply advanced driving software to other EV manufacturers; however, the current financial constraints raise concerns about the feasibility of this transition, which is seen as crucial for long-term growth.
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