Tesla's 'aging portfolio' is a bigger issue than its prices

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Itay Michaeli News

Tesla,Equity Research Analyst,Elon Musk

Shares of Tesla (TSLA) are trading higher following its shareholder meeting, which alluded to new offerings coming to market after the approval of Elon...

Citi autos equity research analyst Itay Michaeli joins the Morning Brief to discuss why Tesla's product innovation is key to driving growth.

Sometimes it's tough to kind of suss out whether or not Musk's approach is necessarily going to prove to come to fruition.Story continuesThey did allude to launching uh more affordable electric vehicles uh off some of the same platforms they have today and leveraging some of the manufacturing capacity they have today and launching these vehicles next year.

We've been talking a lot about lower prices, but I guess more specifically is there a range that you think is critical for Tesla to get to? So, you know, we want to see a lot of innovation, maybe different design languages, but really whatever it takes. Uh But we, we are focused overall on the content on the design, on the innovation um to really undersee whether you know, investors and consumers, of course, can get really excited about new vehicles.So it is a very uh significant focal point here over the next few months.

But actually, there are a lot of different business models in theory that a company could launch Tesla has a couple of very unique advantages in our view. But ultimately is how are you going to deploy autonomous vehicles in a way that's first and foremost, safe, but also can lead to additional revenue streams?And before we let you go, if Tesla is in fact able to do all of that, what is the upside then look like for Tesla?

 

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