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Robotaxis and energy operations are more important than autos business for Tesla moving forward: Analyst

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The video at the provided URL discusses insights from analyst Dan Ives of Wedbush Securities on Tesla's future business strategy. According to Ives, Tesla is shifting its focus beyond just being an automotive company. He highlights that Tesla's advancements in robotaxis and its energy operations, including solar and battery storage, are becoming increasingly significant. These areas are seen as critical for Tesla's growth and valuation moving forward, potentially overshadowing its traditional automotive business. Ives suggests that Tesla's stock price could be more influenced by developments in these new sectors, indicating a strategic pivot towards becoming a broader technology and energy company.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/robotaxis-and-energy-operations-are-more-important-than-autos-business-for-tesla-moving-forward-analyst/vi-AA1wTcj1 ]