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GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Equity Bottom-Up

<ul>
<li>Tesla is evolving from an EV manufacturer into an AI-led platform, with autonomy, FSD subscriptions, and Robotaxi likely to shape longer-term earnings profile.</li>
<li>FY2025 energy generation and storage segment revenue rose 27% YoY to $12.8bn, while FSD subscriptions reached ~1.1m, supporting recurring revenue and reinforcing Tesla’s platform economics.</li>
<li>Shares trade at a premium to auto peers, reflecting expectations that autonomy, Robotaxi, AI infrastructure, and robotics will become meaningful contributors to long-term earnings.</li>
</ul>


Tesla is evolving from an EV manufacturer into an AI-led platform, with autonomy, FSD subscriptions, and Robotaxi likely to shape longer-term earnings profile.
FY2025 energy generation and storage segment revenue rose 27% YoY to $12.8bn, while FSD subscriptions reached ~1.1m, supporting recurring revenue and reinforcing Tesla’s platform economics.
Shares trade at a premium to auto peers, reflecting expectations that autonomy, Robotaxi, AI infrastructure, and robotics will become meaningful contributors to long-term earnings.


테슬라(나스닥: TSLA): 자동차를 넘어 플랫폼 중심의 성장 모델로 확장