Part 3/11:
From Skepticism to Optimism: A Change in Perspective
The transcript details how Gary Black previously viewed the prospect of licensing FSD as somewhat naïve—akin to "silly speculation." He emphasized that although discussions are underway, such licensing might not materialize easily or quickly, given Tesla's prioritization of autonomy as a competitive edge.
Yet, after reflecting on recent earnings calls and Tesla's strategic moves, Black has begun to see the potential for this to be a "real catalyst." This transition illustrates that even seasoned analysts can change their outlook based on new information and evolving industry trends.