BMW Calls Tesla FSD 'Very Impressive,' Gary Black Says Automakers Will Eventually License It: 'One Deal Will Cause Others To Follow'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 11 2024
0mins
Should l Buy TSLA?
Source: Benzinga
BMW's Reaction to Tesla's FSD: BMW praised Tesla's latest version of its full self-driving software as "very impressive" after witnessing a demonstration of hands-free navigation, sparking speculation about potential licensing deals between the two companies.
Elon Musk on Licensing Technology: Despite expressing willingness to license Tesla's FSD technology to other automakers, no agreements have been made yet, with Musk suggesting that rival companies may still be skeptical about its viability.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to rise
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 381.630
Low
25.28
Averages
401.93
High
600.00
Current: 381.630
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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Previous Revenue Disclosure: In January, Tesla disclosed that its business dealings with xAI amounted to approximately $430.1 million.
Additional Revenue from SpaceX: The updated report revealed an additional $143.3 million in revenue from SpaceX.
Overall Financial Performance: These figures highlight Tesla's significant financial interactions with both SpaceX and xAI, contributing to its overall revenue growth.
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- Retail Investor Participation: CFO Bret Johnsen stated that retail investors will play a critical role in this IPO, potentially making it the largest in history by number of participants, which not only increases public engagement but also strengthens brand loyalty.
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- Legislative Context: SB 21, effective in 2025, alters how companies utilize independent directors and limits shareholders' access to records during investigations of corporate misconduct, facing widespread opposition from institutional investors and legal scholars who argue it favors board and executive interests over broader investor concerns.
- Electoral Implications: The endorsements reflect a push to shift Delaware's political landscape towards working-class interests, indicating dissatisfaction with current corporate laws and potentially influencing future legislative directions and power dynamics within the Democratic Party, especially ahead of the 2026 midterm elections.
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Tesla's Revenue from SpaceX and xAI: Tesla reported over $500 million in revenue from sales to SpaceX and xAI in its annual update.
Previous Revenue Disclosure: In January, Tesla disclosed that its business dealings with xAI amounted to approximately $430.1 million.
Additional Revenue from SpaceX: The updated report revealed an additional $143.3 million in revenue from SpaceX.
Overall Financial Performance: These figures highlight Tesla's significant financial interactions with both SpaceX and xAI, contributing to its overall revenue growth.
See More
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- IPO Initiation: SpaceX has recently filed confidential paperwork with regulators to pave the way for an IPO, targeting a valuation of $1.75 trillion, which would provide the company with $50 billion to $75 billion in fresh capital, significantly enhancing its financial strength for future growth.
- Investment Banking Team Formation: The company has retained a team of investment bankers from 21 different firms, expected to begin pitching IPO shares in early June, indicating SpaceX's confidence in the market and its proactive approach to capital raising.
- Retail Investor Participation: CFO Bret Johnsen stated that retail investors will play a critical role in this IPO, potentially making it the largest in history by number of participants, which not only increases public engagement but also strengthens brand loyalty.
- Major Investor Event: SpaceX is targeting a
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- Primary Opposition Support: The progressive wing of Delaware's Democratic Party endorses six candidates against incumbents who supported SB 21, aiming to promote policies more aligned with working-class interests, reflecting strong opposition to the billionaires bill.
- Billionaires Bill Impact: The SB 21 law, effective in 2025, alters how companies utilize independent directors and limits shareholders' access to records, potentially harming minority shareholders and leading to decisions favoring executives' personal interests.
- Musk's Influence: Elon Musk faced legal challenges regarding his record $56 billion pay package in Delaware, ultimately relocating Tesla's incorporation out of state, highlighting the state's vulnerability in attracting businesses and prompting lawmakers to reconsider related legislation.
- Political Shift: The divide within Delaware's Democratic Party over support for the billionaires bill has widened, with Governor Meyer asserting that the law changes were aimed at ensuring predictability and fairness in corporate law, reflecting the tension between business-friendly policies and workers' rights in the state.
See More
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- Progressive Endorsements: The Delaware progressive wing of the Democratic Party is endorsing six candidates against incumbent Democrats who supported SB 21, a law criticized for benefiting billionaires like Musk and Zuckerberg, potentially leading to decreased corporate governance transparency and harming minority shareholders' rights.
- Legislative Context: SB 21, effective in 2025, alters how companies utilize independent directors and limits shareholders' access to records during investigations of corporate misconduct, facing widespread opposition from institutional investors and legal scholars who argue it favors board and executive interests over broader investor concerns.
- Electoral Implications: The endorsements reflect a push to shift Delaware's political landscape towards working-class interests, indicating dissatisfaction with current corporate laws and potentially influencing future legislative directions and power dynamics within the Democratic Party, especially ahead of the 2026 midterm elections.
- Musk's Influence: Musk's $56 billion pay package has sparked legal disputes in Delaware, raising concerns about corporate relocations, which lawmakers are keen to address, highlighting vulnerabilities in Delaware's status as a business haven and its implications for future corporate governance.
See More
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- Sales Recovery: Tesla's sales in Europe surged nearly 45% in Q1 2023, marking a significant recovery after two consecutive years of declines, including a nearly 27% drop in 2025.
- Registration Surge: According to bilstatistik.dk, Tesla's registrations leapt 102% in Denmark in April, while France saw a 112% increase, indicating strong consumer demand for electric vehicles.
- Intensifying Competition: Despite the sales rebound, Tesla was outsold by Chinese EV startup Xpeng in Denmark and BYD in the Netherlands, highlighting the increasing competition in the electric vehicle market.
- Software Approval Boost: Tesla's sales in Europe were further bolstered by the Dutch regulator's approval of its driver-assistance software, which will be sold via a monthly subscription, potentially enhancing the company's market share.
See More
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- Charitable Intent: Musk testified that OpenAI should function as a charity, claiming that Altman and Brockman betrayed the initial nonprofit commitment, indicating his deep concerns about the future of AI, which could impact public trust in OpenAI.
- Dependency on Musk: He highlighted that OpenAI's establishment and growth relied on his funding, talent recruitment, and connections with Microsoft and Nvidia, underscoring his indispensable role in the AI landscape, which may affect future funding opportunities for OpenAI.
- AI Safety Discussions: Musk revealed differing views on AI safety during discussions with Google founder Page, emphasizing the necessity of OpenAI's existence, which could influence public awareness and policy-making regarding AI safety.
- Investment Controversy: Musk described Microsoft's $10 billion investment in OpenAI as a
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