Part 5/9:
The Intersection of Technology and Market Reality
There remains a critical intersection between technical feasibility and market valuation that investors and analysts must navigate. While Yvikov expresses skepticism about Tesla’s future cash flows and growth potential, he acknowledges the challenges that must be addressed to realize its ambitious goals. For example, he estimated that unlocking just 10% of the TAM might require substantial investment—on the order of half a trillion dollars—over the next 15 years.
Additionally, Yvikov raised questions about whether the existing fleet of Tesla vehicles is technologically equipped to handle the challenges posed by FSD, particularly the varying conditions under which a robo-taxi would need to operate.