No. of Recommendations: 1
According to Elon, "almost all of Tesla's value is in AI and robotics." I 100% agree with that statement. If someone's analysis only considers Robotaxi "plausible," then we fundamentally disagree about the business we're even in. That's where I started and stopped reading the analysis. (IMO, Robotaxi isn't plausible, it's inevitable.)
Recently, the capability of AI has been improving by roughly 400%/year; 200% in software and 200% in hardware. Yesterday, Elon said that in 2024 that rate was going up to 1,000%/year. (See Dojo.) I wouldn't ask a financial analyst what that means for TSLA any more than I would ask my dentist ... they aren't equipped. They use the tools they have but they're the wrong tools.