They are reducing profits to be competitive with Chinese EV companies. This was always going to happen.<p>I predict it will drop until Tesla releases Optimus, the $25k EV, or something else and then we'll see it go back up.
"Train wreck" according to one analyst, where analysts are reactive, frequently wrong, and only adjust their price targets to stay in line with everyone else.<p>They confirmed that they were ahead on 4680 ramp progress, announced that they'd be shipping their next-gen $25k "iPhone SE" by end of 2025, announced that they would be opening another factory, announce that FSD v12 is going wide in the next month, announced that energy storage deployments (which print money) are hitting the exponential part of the S-curve, etc.<p>The issue is that analysts misquote Tesla that they promised 50% CAGR every year. That's not true. Their target is 50% CAGR on average, across years.<p>Another issue is that analysts only see Tesla as a car company.