Part 3/16:
Tesla’s autonomous ambitions dominate many analyst conversations, buoyed by visions of a future where robo taxis eclipse traditional ride-hailing services like Uber and Lyft. Goldstein contends that recent market optimism has pushed Tesla’s valuation well beyond what current progress justifies. While Tesla undoubtedly has a technological edge, especially with its scale and data advantage, Goldstein questions whether the company can achieve a driverless, fully operational robo taxi fleet within the next year or even the next few.