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Tesla and the CEO of Spacex, Elon Musk, join the president of the United States, Donald Trump, during an executive order signed in the Oval Office of the White House on February 11, 2025 in Washington, DC.
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Tesla The actions fell 6% on Tuesday after the Chinese rival Byd announced plans to develop autonomous vehicle technology with Depseek, and said it would offer its system similar to an automatic pilot in almost all its new cars, which adds to the fears that Elon Musk’s The company is staying behind the competition.
There are also growing concerns surrounding Musk distractions out of Tesla, after news arose that the richest person in the world is offering To lead a group of investors in the purchase of OpenAI, while increasing their work with President Donald Trump’s White House.
The price of Tesla shares has slipped for five consecutive days, falling about 17% during that section to $ 328.50, and eliminating more than $ 200 billion in market capitalization.
Byd, which has become the fiercest rival of Tesla on the world stage, He said Monday That at least 21 of its new model vehicles will come equipped with their partially automated driving systems that include characteristics for automatic parking and navigate on roads.
Tesla still does not offer a robotaxi and its EV currently require that a human driver remain behind the wheel, ready to direct or stop at any time. In Tesla’s Profit call Last month, Musk said the company aims to launch “complete autonomous driving without supervision” and a shared traveling service without driver in Austin, Texas, in June. Alphabet Waymo already operates a Robotaxi service in Austin, as well as in parts of Phoenix, San Francisco.
“In our opinion, competition between Waymo, Tesla and a large number of Chinese players is a key driver on the road to the” Robotaxis “marketing, wrote Morgan Stanley analysts in a note to customers after the announcement of Byd.
Waymo said Tuesday that he added 10 square miles of coverage at his Robotaxi service in Los Angeles.
In a report on Tuesday, Oppenheimer analysts wrote that “autonomy competence can limit profitability (Tesla).” Even if Tesla meets its June line, 2025 for driverless cars in Texas, the company is “one of several autonomous technology suppliers, which suggests competition on price and performance,” they wrote.
In addition to executing Tesla, Musk is CEO of Spacex, he owns the social media company X and is head of artificial intelligence startup XAI. There is also a significant time in these days in Washington, DC, directing the “government efficiency department” (Doge) as a special government employee, with the aim of reducing federal expenditure, staff, regulations and even entire agencies.
Many projects, many distractions
Investors who are already concerned about Musk’s strong commitments beyond their EV company of billions of dollars have more reasons for restlessness after the events that took place on Monday. Musk’s lawyer Marc Uberooff confirmed to CNBC that Musk led a consortium of investors in an offer of $ 97.4 billion for OpenAI.
Musk was one of the founders of Openai in 2015, when the startup of AI was created as a non -profit research laboratory. Musk sought that Tesla acquired Openai, and then started from the Board of the organization.
Since then, Openai has marketed numerous products, especially chatgpt. The co -founder and CEO Sam Altman seeks to restructure Openai as a profit for profit. Musk has sued Openai to avoid this transition and XAI began as a direct competitor.
Oppenheimer’s analysts wrote that “while (Tesla) has changed the approach to being a physical work, we see Elon Musk’s offer for opening AI as a distraction of the challenges (of Tesla).”
Altman Employees In a memorandum on Tuesday, the OpenAi Board has not received an official offer from Musk and reminded employees that “Elon has a history of making statements that are not maintained.”
Later, on Tuesday, Toboff said in a statement that he sent by email the offer for Openai on behalf of the Consortium led by musk a day before for Openi’s external lawyer, William Savitt and Sarah Eddy “for transmission to his client” . Toboff said the offer was “in the form of a detailed four -page letter” and was directed to the OpenI Board.
“If Sam Altman chose to provide or retain this to the other members of the OpenAi Board is out of our control,” he wrote.
Oppenheimer analysts also highlighted the additional risks associated with Musk’s extensive work with the Trump administration.
While Musk’s behavior “has fans in certain circles,” his public life “runs the risk of alienating consumers and employees as the Trump administration proves the limits of their power,” they wrote. For example, they referred to recent vehicle registration data that showed a strong decrease in the year in California and several European markets.
Tesla and Musk did not immediately respond to a request for comments.
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