Part 4/10:
This inversion implies that most institutional investors now believe in Tesla's future without waiting for all the evidence to materialize. They are motivated more by belief in the technological trajectory and less by immediate financial metrics. Dan emphasizes that these investors are eager not to miss the next big wave, especially as evidence continues to accumulate, pointing toward imminent breakthroughs.
He points out that the current enthusiasm and belief in Tesla's AI-led future are not just speculation—they are based on tangible developments, such as expansion plans in cities like Austin and others. Once any sign of city expansion or rollout of robo-taxis appears, these investors could rapidly pivot from skepticism to full-blown investment.