Tesla Slips to 8th on WSB Despite AI Breakthrough and Record Sales in China

Tesla, currently ranked 8th on the latest WSB list, saw a drop of three positions compared to the previous day. Recent performance of Tesla (TSLA) shows a 0.87% increase, marking a three-day winning streak with an accumulated rise of 8.26% over the last three days.

During the recent All-In Summit 2024, Tesla CEO Elon Musk revealed the company's latest blueprint in AI technology. He announced that Tesla's next-generation AI training chip, Dojo 2, is expected to be mass-produced by the end of 2025. This underscores Tesla's ongoing commitment and strength in the fields of autonomous driving and AI technology.

Musk emphasized that Tesla's AI ecosystem is built around two core components: Dojo for high-performance model training, while in-vehicle chips focus on real-time model inference. He disclosed that multiple generations of Dojo chips have been planned, aiming to continuously enhance AI computational efficiency and power. The upcoming Dojo 2, reportedly capable of rivaling Nvidia's high-end B200 AI training system, is expected to further solidify Tesla's leadership in autonomous driving technology.

At the 2024 China International Fair for Trade in Services (CIFTIS) held in Beijing on September 12, Tesla showcased its theme "One Purchase, Continuous Evolution". The exhibition highlighted Tesla’s intelligent driving solutions and value-leading products and services.

The lineup featured the second-generation humanoid robot integrating cutting-edge AI technology, machine vision, and precision mechanical design. Tesla also showcased futuristic designs, industry-leading exoskeleton architecture, and robust performance of Cybertrucks, offering a visual feast that turned sci-fi into reality. Tesla's Full Self-Driving (FSD) chip further confirmed its superior road safety features.

August data from the China Passenger Car Association showed Tesla's Shanghai Gigafactory delivered 86,697 vehicles, marking a 17% month-over-month increase, setting a new domestic sales record for this year with a 37% increase. Model Y remained the domestic passenger car market sales champion with 56,000 deliveries, while Model 3 led the luxury sedan segment with over 30,000 units delivered.

Tesla has constructed over 55,000 Supercharger stalls worldwide, with more than 11,500 Supercharger stalls and over 2,400 destination charging piles in China, covering all provinces and municipalities. The 2023 Impact Report highlighted that Tesla's global Supercharger network achieved an average uptime of 99.97%. Tesla's strategy of OTA software upgrades ensures continuous enhancement of in-car features, allowing owners to unlock new functionalities and keep their vehicles equipped with the latest technology.

Moreover, in the near future, only fully autonomous vehicles will hold true value. Tesla’s Full Self-Driving (FSD) capability V12.5, recently launched in North America, markedly improved perception and decision-making in complex scenarios. FSD has accumulated over 1.6 billion miles driven to date. The Q2 2024 Tesla Vehicle Safety Report indicated that while the average American car experiences one accident every million miles driven, Tesla vehicles with Autopilot active experienced one accident per 10.7 million miles, reflecting a significant enhancement in safety.

Currently, Tesla is the only brand offering vehicles equipped with hardware and software for FSD capability, positioning its future product value significantly higher than current prices.