Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Tesla’s latest earnings and strategic updates present a revealing picture of a company navigating an increasingly complex path.</li><li>The electric vehicle and clean energy giant is caught between near-term financial pressure and long-term ambitions rooted in AI, autonomy, and robotics.</li><li>While recent quarterly results missed Wall Street’s expectations—adjusted earnings came in at 40 cents per share and revenue dropped 12% year-over-year to $22.5 billion—investor focus has shifted beyond EV sales.</li></ul>

Tesla’s latest earnings and strategic updates present a revealing picture of a company navigating an increasingly complex path.The electric vehicle and clean energy giant is caught between near-term financial pressure and long-term ambitions rooted in AI, autonomy, and robotics.While recent quarterly results missed Wall Street’s expectations—adjusted earnings came in at 40 cents per share and revenue dropped 12% year-over-year to $22.5 billion—investor focus has shifted beyond EV sales.

Tesla Stock Collapse: The AI Trade That Backfired!

Smartkarma AI, Smartkarma

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Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
  <li>
<a href="https://smartkarma.com/entities/tesla-inc">Tesla </a>remains a leader in the electric vehicle (EV) market, but is facing significant margin pressure from slowing demand and intense competition, particularly from Chinese manufacturers.</li>
  <li>The company's future growth and lofty valuation are increasingly dependent on its ambitious pivot to artificial intelligence, robotics, and the successful commercialization of a robotaxi network.</li>
  <li>While revenue growth has decelerated and profitability has declined in recent quarters, the company's strong brand, technological lead, and expanding energy division provide a foundation for future opportunities, albeit with high execution risk.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Tesla remains a leader in the electric vehicle (EV) market, but is facing significant margin pressure from slowing demand and intense competition, particularly from Chinese manufacturers.
  The company's future growth and lofty valuation are increasingly dependent on its ambitious pivot to artificial intelligence, robotics, and the successful commercialization of a robotaxi network.
  While revenue growth has decelerated and profitability has declined in recent quarters, the company's strong brand, technological lead, and expanding energy division provide a foundation for future opportunities, albeit with high execution risk.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

<ul><li>In a bold and highly publicized move, Tesla CEO Elon Musk recently purchased $1 billion worth of Tesla shares, raising questions about whether this insider action can restore near-term investor confidence in the electric vehicle giant.</li><li>Coming on the heels of a tumultuous few quarters marked by falling regulatory credit revenue, inflationary cost pressures from tariffs, and increased capital expenditures for AI and energy storage initiatives, the purchase is being framed as a powerful show of confidence in Tesla’s long-term vision.</li><li>At the same time, Tesla’s recent Q2 2025 results showcased significant advancements including the rollout of robotaxis in Austin, substantial progress on Optimus humanoid robots, and growing traction for FSD software.</li></ul>

In a bold and highly publicized move, Tesla CEO Elon Musk recently purchased $1 billion worth of Tesla shares, raising questions about whether this insider action can restore near-term investor confidence in the electric vehicle giant.Coming on the heels of a tumultuous few quarters marked by falling regulatory credit revenue, inflationary cost pressures from tariffs, and increased capital expenditures for AI and energy storage initiatives, the purchase is being framed as a powerful show of confidence in Tesla’s long-term vision.At the same time, Tesla’s recent Q2 2025 results showcased significant advancements including the rollout of robotaxis in Austin, substantial progress on Optimus humanoid robots, and growing traction for FSD software.

Elon Musk Buys $1 Billion In Tesla Shares — Is It Enough To Reignite Investor Optimism?

<ul><li>Tesla’s recent unveiling of its Megapack 3 and the all-new Megablock could mark a pivotal moment in its shift from being seen purely as a carmaker to a vertically integrated energy company.</li><li>While Tesla’s robotaxi launch and AI developments have dominated headlines, the energy division—specifically industrial battery storage—is quietly becoming a major pillar.</li><li>The Megablock is a fully integrated, utility-scale energy solution, reducing construction costs by 40% and installation times by 23%.</li></ul>

Tesla’s recent unveiling of its Megapack 3 and the all-new Megablock could mark a pivotal moment in its shift from being seen purely as a carmaker to a vertically integrated energy company.While Tesla’s robotaxi launch and AI developments have dominated headlines, the energy division—specifically industrial battery storage—is quietly becoming a major pillar.The Megablock is a fully integrated, utility-scale energy solution, reducing construction costs by 40% and installation times by 23%.

Tesla’s New Megablock Could Kill The Power Grid As We Know It!

Asia and Global Semiconductor and Tech Research

Andrew Lu

<ul>
<li>Blended ASP of decline of 1% q/q in the past two quarters in 2H23, better than 3-10% q/q decline during 3Q22-2Q23, resulting in Tesla's blended ASP decline to decelerate. </li>
<li>Due to Tesla's cost cutting efforts with nice inventory control, we calculates profits/EV rebounded nicely by 21% q/q to US$3,490 per EV in 4Q23, much nicer than no profits.</li>
<li>Good improvement on its FSD Beta version 12.1.2 lately might become a pure profits/EV boost by incremental subscription of US$10,000-15,000 per EV or monthly fee by existing Tesla owners.</li>
</ul>


Blended ASP of decline of 1% q/q in the past two quarters in 2H23, better than 3-10% q/q decline during 3Q22-2Q23, resulting in Tesla's blended ASP decline to decelerate. 
Due to Tesla's cost cutting efforts with nice inventory control, we calculates profits/EV rebounded nicely by 21% q/q to US$3,490 per EV in 4Q23, much nicer than no profits.
Good improvement on its FSD Beta version 12.1.2 lately might become a pure profits/EV boost by incremental subscription of US$10,000-15,000 per EV or monthly fee by existing Tesla owners.


Good Entry Point as Tesla Stabilizes Its 4Q23 Asp and Profits Per EV

United States

Tesla Inc. operates as a multinational automotive and clean energy company. The Company designs and manufactures electric vehicles, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla owns its sales and service network and sells electric power train components to other automobile manufacturers.

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Tesla (TSLA US)

Tesla Stock Collapse: The AI Trade That Backfired!

Tesla’s latest earnings and strategic updates present a revealing picture of a company navigating an increasingly complex path. The electric...

Baptista Research

Primer: Tesla (TSLA US) - Oct 2025

Tesla remains a leader in the electric vehicle (EV) market, but is facing significant margin pressure from slowing demand and intense...

αSK

Elon Musk Buys $1 Billion In Tesla Shares — Is It Enough To Reignite Investor Optimism?

In a bold and highly publicized move, Tesla CEO Elon Musk recently purchased $1 billion worth of Tesla shares, raising questions about whether...

Baptista Research

Tesla’s New Megablock Could Kill The Power Grid As We Know It!

Tesla’s recent unveiling of its Megapack 3 and the all-new Megablock could mark a pivotal moment in its shift from being seen purely as a carmaker...

Baptista Research

Good Entry Point as Tesla Stabilizes Its 4Q23 Asp and Profits Per EV

Good Entry Point as Tesla Stabilizes Its 4Q23 Asp and Profits Per EV. Due to pricing stability and Tesla's cost cutting efforts, profits/EV...

Andrew Lu

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