Tesla, Optimus and Elon Musk
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With a struggling core business like this, there's only one way to explain Tesla's price-to-earnings ratio of about 300: The valuation assumes Tesla solves autonomy -- and solves it in a big way that translates into huge sales and profit growth for the company.
Tesla stock is all about AI lately, including AI-trained self-driving cabs.
CEO Elon Musk said the company started robotaxi rides with no safety monitor present in the car in Austin, a long awaited move. This comes after Waymo announced another expansion of its robotaxi service in the US,
Musk is closing in on the $800 billion mark as his net worth sets a new record.
Tesla has started removing safety drivers from some robotaxi rides. CEO Elon Musk expects the company’s robotaxi network to be “very, very widespread” in the U.S by the end of 2026.
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As the EV giant prepares to report fourth quarter earnings on Jan. 28, retail sentiment remains detached from traditional valuation metrics.
Tesla (NASDAQ:TSLA) has shown that the stock has the ability to defy gravity, even though the underlying business may not be humming like it used to. Shareholders refuse to budge and are willing to back up the truck as long as Elon Musk has promises to make.
Electrek reported that, based on social media videos, it appears that Tesla hasn’t actually gotten rid of the safety monitor. Instead, the company has seemingly simply moved the person into a trail car that follows the Robotaxi for the duration of its journey.