Well-known analyst Dan Ives Ritten Tesla: layout of the most direct investment target of physical AI知名分析师丹 · 艾夫斯力挺特斯拉：布局物理 AI 最直接的投资标的

According to Yahoo Finance and Benzinga, the key to whether Tesla's valuation can withstand the next test may not be how many cars it can sell, but how much revenue it can bring from the cars it has already sold. Dan Ives, an analyst at Yorkville Ives, believes that the autonomous driving and robotics businesses have the potential to change the future of Tesla, but Tesla also needs to prove that these businesses can generate sustained revenue if the target share price of $500 (IT House note: the current exchange rate is about 3,353 yuan) is to be sufficiently supported. Ives maintained Tesla's “outperform” rating and $500 stock price target in his latest research. He believes that Tesla is transforming from an automaker to a “physical AI” platform covering automobiles, autonomous driving, humanoid robots, and energy storage. If investors continue to evaluate Tesla primarily by automaker criteria, they may underestimate the potential for the software and services business to generate revenue in the future beyond vehicle sales. “We believe that Tesla is one of the most directly deployed physical AI targets in the public market. Ives believes that the driverless taxi business will be an important step for Tesla to move from car manufacturing to autonomous driving services. Tesla disclosed in its latest quarterly report that the cumulative paid operating mileage of the driverless taxi service is about 4.02 million kilometers. The company is also expanding its services and preparing to launch Cybercab, which is designed for driverless operations. Cybercab, built for driverless driving, is expected to reduce operating costs by eliminating traditional driving controls such as the steering wheel. But how quickly Tesla can expand its fleet is still constrained by production capacity, including the 4680 battery pack supply problem Ives mentioned in the study. In addition to autonomous driving, Ives is also optimistic about Tesla's Optimus humanoid robotics and energy storage businesses, which he believes can open up a larger market for the company and provide more support for the $500 target share price. But Tesla still needs to keep investing until it's clear how much profit it can contribute.