Part 5/9:
Despite the legislative concerns, Tesla's push for autonomy and the impending launch of their robo-taxi service garnered attention. Chanos had previously dismissed Tesla's capabilities in this area; nevertheless, he found himself discussing the value of autonomous driving and its significance to Tesla’s long-term valuation.
He noted that Tesla's current stock price could not be solely justified by its automobile sales but rather depended on the anticipated profitability from autonomous driving and related technologies. Acknowledging the existence of driverless vehicles in test conditions was a noteworthy pivot from his previous assertions that such advancements were unrealistic.