Forget Tesla: This Robotics Firm Has $22B Backlog, Real Revenue

Everyone is still glued to Tesla (NASDAQ:TSLA) because a Q1 earnings beat, the robotaxi pitch, and the Optimus humanoid tease have convinced retail traders the autonomy story finally pays off this year. The Tesla Trade Is Crowded and Priced for a Miracle. Tesla carries a P/E of 406 and a free cash flow yield of ... Forget Tesla.

The Robotics Company Actually Shipping Revenue

There is a robotics company actually generating revenue and sitting on a $22 billion backlog, and nobody is talking about it. That company is Intuitive Surgical (ISRG), the leader in robotic-assisted surgery.

Details

While Tesla focuses on future promises, Intuitive Surgical continues to generate strong revenue through its da Vinci surgical system, used in thousands of procedures daily worldwide. The $22 billion backlog indicates robust and sustained demand for its technology.

Context

Tesla, with a market cap over $1 trillion, is still losing money on its robotics efforts, while Intuitive Surgical generates real profits and cash flows. This contrast raises questions about market valuations in the robotics space.

What This Means for Investors

It may be wise to look beyond the hype surrounding Tesla and focus on companies delivering tangible results. Intuitive Surgical exemplifies a mature robotics company with real revenue and sustainable growth.