In the vast expanse of the internet, a long-standing debate has persisted regarding whether
Tesla Motors
(NASDAQ:
TSLA
) should be classified as a
technology
company or a
car manufacturer.
For years, supporters of Tesla and its
wealthy CEO
have contended that the electric vehicle (
EV
) producer is far superior technologically compared to its competitors. On the other hand, skeptics online and analysts have criticized its
high valuation
reminiscent of big tech companies.
Recently, Elon Musk himself suggested that his car company should not just be seen as a technology firm but as an
artificial intelligence
(AI) entity. The reaction to this statement has been
mixed
.
It is important to note that Musk has a vested interest in Tesla being recognized as a technology company, as more than
half of his wealth is tied
to TSLA
shares
.
Furthermore, despite what many believe, Mercedes (ETR: MBG) actually
beat Tesla to the punch
with self-driving technology.
Recent rumors have emerged supporting the idea that Tesla is more than just a car manufacturer. Investment bank Morgan Stanley (NYSE:
MS
) reportedly released a note suggesting that Elon Musk’s company is developing a smartphone with a statement that sounds like something out of a science fiction novel:
‘The car is an extension of the phone. The phone is an extension of the car.’
Speculations about a Tesla smartphone have been circulating for years, with some theories including
Starlink
satellite connectivity,
solar
charging,
Neuralink
integration, advanced camera systems, and more.
While Musk has expressed doubts about the future of smartphones due to advancements in technologies like Neuralink, he did not completely deny the possibility of an
X
phone.
With Morgan Stanley’s recent note and the advancement of technology, Finbold sought insights from the cutting-edge
ChatGPT-4o
– the latest version of
OpenAI’s
leading
AI
platform – on the potential impact of a Tesla smartphone on TSLA stock.
In its analysis, ChatGPT highlighted three key areas to consider regarding the impact of a Tesla smartphone on TSLA share price.
The AI believes that a Tesla smartphone would likely integrate well with the company’s existing products, enhancing the overall value of its offerings.
Additionally, ChatGPT predicts that Tesla has a good chance of making a significant impact in the market due to its reputation for innovation and strong brand loyalty.
Furthermore, the creation of a successful smartphone would help Tesla diversify its products and expand its growth opportunities.
Based on various factors and assumptions, such as higher profit margins from the phone compared to cars and adjusting the company’s
P/E ratio
to 75 in the event of a smartphone launch, ChatGPT concluded that the introduction of a Tesla smartphone could potentially increase TSLA market cap to $656.25 billion and share price to $207.25.
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ChatGPT4o predicts Tesla stock price if TSLA introduces a smartphone
