Part 3/10:
The core of the debate hinges on how to compute Tesla’s true value. The speaker advocates for a discounted cash flow (DCF) analysis, considering Tesla's long-term prospects such as robo-taxi networks and the Optimus humanoid robot project. Using models that factor in these technological advancements, they estimate Tesla’s fair value at approximately $680 today, well above current trading levels. This contrasts sharply with Gary Black's valuation, which is based on a more conservative outlook, discounting the deployment of AI and robotics.