No. of Recommendations: 1
I stopped reading the valuation analysis after I went to the autonomous driving section and the author said that people weren't ready for autonomy.
Do you mean this?
"In addition, it seems clear to me that the Tesla robotaxi business has now moved from possible to plausible on my scale, and thus merits being taken seriously. On the minus side, I do agree that the world is not quite ready for driverless cars, on scale, and that rushing the product to market can be catastrophic."
Seems reasonable.
The bear case is pretty simple too: Tesla loses in auto, FSD, robotics (automation), lithium mining, insurance, Supercharger, battery production, Dojo (AWS for robots) and battery storage. Certainly possible.
I didn't think Damodaran was giving a bear case. Did you?
