Part 4/10:
The dialogue emphasizes that valuation is ultimately a matter of assumptions—how probable are the models of autonomous taxis or humanoid robots to come to fruition within the next decade? The speaker criticizes Wall Street analysts and institutional investors for using overly conservative projections, citing that many analysts place tiny probabilities on Tesla’s AI-driven future because they are constrained by models that only consider small market sizes, like the current industrial robot market valued at around a million units. They argue this is a fundamental mistake, as Tesla’s AI initiatives are expected to open a market potentially worth tens of millions.