Tesla is now worth more than Toyota, Volkswagen, GM, Ford, BMW, Honda, Mercedes, and Stellantis combined.
Meet the Cybercab: two seats, no wheel, no pedals, and built to drive itself at scale from Gigafactory Texas.Tesla's bet is that the future isn't cars people drive, it's a fleet that works for you. A car that picks up riders while you sleep. That earns money instead of losing it. That scales like software, not like a factory.
Tesla stopped being a car company years ago. It just took the rest of the world this long to notice. Wall Street already sees it. The only question left is how fast the rest of the world catches up.
After 5 years of $tsla stock doing nothing, Elon hits us with,
"This will be the most difficult S curve ever because everything is new so it will be flat for a long time."
See you all in 5 years...
On a serious note, if it's not a blip, the 55% QoQ FSD take rate is meaningful already. If you consider margins, the FSD profit is currently worth ~60k car sales per quarter. Maybe this can move the stock soon--before we die of old age waiting for the moonshots...