Part 11/16:
Tesla's current valuation may seem stretched—comparable to a startup—but the stock is rallying in anticipation of future milestones. Many believe that the valuation will pre-emptively price in autonomous AI, robo taxis, and humanoid robots before their full commercial realization.
A crucial factor is Elon Musk's compensation plan, which sets ambitious milestones tied to Tesla’s market cap and operational cash flow. As these targets are surpassed—possibly ahead of schedule—the market will recognize Tesla's true potential. External observers conjecture that when Tesla surpasses a $3-5 trillion valuation—driven by robo taxis and AI robots—public perception will shift dramatically.