Part 4/10:
The anticipated Robo Taxi service is hugely important in this context. Black noted that his fund recently exited its Tesla position due to what he perceived as a valuation stretched too thin relative to its underlying fundamentals. He shared a cautious outlook for the Tesla stock price post-Austin launch. He underscored that while Tesla’s path toward robotic vehicles may be exciting, it remains quite speculative and would require thorough scrutiny of the competition and demand.