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He underscores that Tesla is increasingly viewed more as a technology company than merely an automaker, which justifies higher valuation multiples. The company's innovation in batteries, AI, and self-driving features enhances its market appeal and future growth prospects.
The Role of Robotaxi Services
A pivotal component of Matt's optimism lies in Tesla's potential to revolutionize urban transportation through autonomous robotaxi fleets. He poses a hypothetical: if an Uber driver could work for free eternally, how much would you be willing to pay for such a service?
Applying this thought experiment, he estimates that each Tesla could generate an additional $30,000 profit by operating as a robotaxi, taking advantage of full self-driving (FSD) capabilities.