$Tesla Motors(TSLA)$ The stock’s recent rally is probably more attributable to Tesla being just about the only car company that is growing, while Stellantis (Jeep, Dodge, Ram, etc.), GM Ford Motor Volkswagen and most other carmakers are seeing sales decline.
But Tesla’s valuation is not really about the car business. If Tesla were simply a car company, the stock would likely trade at less than half its current market valuation of $769 billion. But the market and Tesla bulls both recognize there are potential trillion-dollar kickers in coming years for Tesla that no other car company has. Most of those opportunities are based on AI-related revenues, including the Cybercab (I’ll refer to the robotaxi using this Tesla-branded name).
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