Part 10/11:
Technical Hurdles: Achieving near-perfect FSD and AGI remains uncertain.
Competitive Landscape: Rivals are emerging rapidly in AI and autonomous driving.
However, the model's core assumptions about Tesla’s technological capabilities and scaling potential remain feasible, given the company's track record.
Conclusion: The Repricing Catalyst and Investment Rationale
The recent surge in Tesla’s stock may or may not be the beginning of a sustained rally. Still, the fundamental valuation suggests that the market has yet to fully recognize Tesla’s AI-driven transformation and its potential to scale autonomous fleets and humanoid robots.