In the last quarter of 2023, BYD achieved its anti-Tesla。

On January 2, BYD announced its December 2023 sales, of which 190,754 were pure electric vehicles.。This also means that BYD's pure electric vehicle sales reached a record 526,409 units in the fourth quarter of 2023, up 60% year-on-year.。

On the other hand, according to Tesla's data, Tesla delivered 484,507 electric vehicles in the fourth quarter of 2023, an increase of nearly 20% year-on-year, also setting a new quarterly record.。

From this quarter, BYD has surpassed Tesla to become the world's largest pure electric car manufacturer。For the full year, however, Tesla still topped the annual list with sales of 1.81 million vehicles, while BYD sold about 1.6 million pure electric vehicles.。However, according to BYD's rapid development trend, next year's annual pure electricity sales crown will probably also be worn on BYD's head.。

In this case, many financial institutions began to make predictions or adjustments to Tesla's 2024 sales, and some even began to "look down" on Tesla.。

Daiwa Capital Markets analyst Jairam Nathan cut Tesla's 2024 deliveries to 2.04 million vehicles from a previously expected 2.14 million.。Nathan also said he expects Tesla's average revenue per vehicle to fall by 4 percent.。

According to a survey of several analysts by investment technology firm Visible Alpha, analysts expect Tesla to deliver around 2.2 million vehicles next year.。In addition, most analysts believe that the newly released Cybertruck and the updated Model 3 will not be enough to boost demand.。

Analysts mentioned that Cybertruck is not expected to make a significant contribution to Tesla's sales, which seems to have become the consensus of the market。Even Tesla CEO Elon Musk said something similar.。

After the launch of Cybertruck, Musk said that Cybertruck will only make up a small part of Tesla's 2024 production vehicles, and that the mass production of this pickup truck faces "huge challenges."。

Royal Bank of Canada Capital Markets analyst Tom Narayan said in a note that Cybertruck will account for about 3 percent of Tesla's sales by 2024.。According to Narayan, Cybertruck is more like a "halo" product that can attract consumers to join the brand。

Deutsche Bank analyst Emmanuel Rosner wrote in a report citing his meeting with Tesla's head of investor relations Martin Viecha: "Tesla frankly acknowledges that the company is currently in a medium-term period of low growth.。"

In this way, Tesla seems to be in a growth bottleneck, but it is not。Tesla is not a traditional car company.。

On January 3, local time, Musk replied to a post comparing Tesla and BYD on X。"A lot of people think of Tesla as a car company, but it's actually an AI / robotics company," he said.。

Musk's claims are well-founded.。

In AI-related fields, on the one hand, Tesla's fully autonomous driving technology (FSD) is at the forefront of the world.。On the other hand, in AI's most valued computing power, Tesla launched its self-developed Dojo supercomputer in September last year.。According to Tesla's vision, by February 2024, Dojo will be one of the five most advanced supercomputers in the world.。

It is worth mentioning that Tesla's Dojo supercomputer has been strongly favored by Damo since its launch.。

According to a report from Damore at the time, analysts believe that Tesla's Dojo's ability to process visual data is so powerful that it can open up new potential markets and applications far beyond automobiles, which can be used in robotics, healthcare, security and other fields.。Meanwhile, analysts also raised the revenue estimate for Tesla's network services business to $335 billion in 2040, up from a previous estimate of $157 billion.。And by 2040, the division is expected to account for more than 60 percent of Tesla's core earnings, doubling from 2030.。In light of this, Damo raised Tesla's rating from Neutral to Overweight and significantly increased its price target from $250 to $400, an increase of about 60%。

In terms of robots, Tesla has also been ploughing for many years.。Last month, Tesla released a video of its humanoid robot Optimus Gen 2 (second generation) at X to give the outside world a glimpse of the company's progress in robotics.。In the video, Optimus Gen 2 can squat, you can easily pinch the egg, you can also dance, the overall movement is smooth and vivid。

Sources say Tesla plans to start using Optimus Gen 2 in its manufacturing operations soon。Tesla plans to start selling the robot once it proves its usefulness。In a previous update on Optimus, Musk claimed that "Optimus is grossly undervalued."。He said the demand for the robot could be as high as billions in the future。Musk even optimistically predicted that the subsequent Optimus would account for "the majority of Tesla's long-term value."。

But whether it is on AI or robots, Tesla is "real," which is the main difference between Tesla and other traditional car companies.。However, at present, Tesla's investment in AI and robotics has not yet reached the point of commercialization, so in the foreseeable period of time, Tesla will still be treated as a car company.。