Dear Reader,
More unsettling news from Tesla HQ.
The board recently approved a $29 billion grant for Elon Musk to “keep his energies focused” for the next two years.
It’s been called an “obscene” pay raise by one fund manager.
Because under Elon’s watch, sales and profits are both falling as the company loses market share to cheaper Chinese competitors.
Even so, for Musk to claim this $29 billion, all he must do is continue to occupy a senior leadership role.
That’s it!
No performance goals or improvements whatsoever.
If I were a shareholder of Tesla, frankly, I’d be fearing for my capital more than ever right now.
Especially when board members just released a letter saying Tesla would transition from EVs to becoming “a leader in AI, robotics and related services.”
Not. So. Fast.
When I did some digging into Tesla’s robotics business, turns out I unearthed a completely different story.
One where Tesla’s Optimus robot cannot save this struggling company, no matter how much Elon wishes it could.
Instead, I found little-known company that’s not making any headlines in any major media, as far as I can see…
But that’s been busy selling its purpose-built robots so swiftly, it’s already facing a $23 million backlog.
All that while Tesla has exactly ZERO pre-orders or formal commitments from anyone looking to buy Optimus when it rolls out.
In a brand-newly released presentation, I walk through the story you need to hear when it comes to the future of the $24 trillion robotics industry.
When you do, you’ll see that the story that Tesla’s board is spoon feeding everyone may not be at all accurate.
Plus, I’ll give you the name and ticker of the company going head-to-head with Tesla’s robotics program.
One I predict will win, hands down.
That’s all free when you click right here.
No membership required. No paywall.
Just an amazing story and an exciting stock pick you’re going to want to know about.
Click here now to grab the details while this stock is still in the shadows…
Sincerely,
Eric Fry
Senior Macro-Investment Analyst, InvestorPlace
Excellent analysis! That 'no performance goals' detail for $29B is truely appalling. Your Optimus reality check is vital for AI enthusiasts.