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Benzinga
  • 1 year ago
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Tesla's stock dropped by 12% on Wednesday following the release of weaker-than-expected
00:07profits and an indication of slower growth in its traditional auto business.
00:11CEO Elon Musk emphasized that Tesla's value lies primarily in its autonomy capabilities.
00:16Musk highlighted the upcoming reveal of Tesla's RoboTaxi plans and cited research predicting a
00:21multi-trillion-dollar market cap for the service. Musk's bold visions, including the potential
00:26market for the Optimus robot, which he believes could surpass the combined value of all of Tesla's
00:31other ventures, appeal more to retail investors than traditional analysts.
00:34For all things money, visit Benzinga.com
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