Part 10/13:
The overarching theme from the call painted Tesla as shifting into a high-margin, AI-driven SaaS model. The company's extensive investments in AI hardware, their fleet’s hardware-software integration, and cloud compute capabilities suggest a transition toward an infrastructure-like business—akin to AWS—selling high-margin AI services and data processing.
This transformation naturally enhances the valuation of Tesla’s existing fleet, increasing the worth of delivered vehicles and elevating future production’s profitability. As competitors retreat from EV investments, Tesla’s aggressive push—optimized manufacturing, cost controls, and AI infrastructure—cements its leadership position for years to come.