Subject: Re: Q4 call.
Grok 3 seems to be performing well among other top models, the Model Y refresh and Shanghai gigafactory might be boosts, too. What's your target valuation for TSLA?

Elon went from a standing start two years ago to leading in AI.

I look ten years out. Seriously. My over/under is 10T in 2035. Maybe 25%/year return. (A lot of that could be front loaded when people realize how big embodied AI is going to be.) I don't mess with short term predictions other than to trim/buy shares after big moves. I've lost money making shorter term bets on product timelines that were missed. FSDU (unsupervised) is not as close as people think from my experiences.