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The bull case for TSLA stock among many is solving full-self driving. The dream is cars that run on autopilot, like a taxi but without a driver. If it’s cheap enough, it would eliminate the need for many people to even have cars.
It’s certainly been a dream of Elon Musk for a decade. Unfortunately, he overpromised so many times that it’s become something of a meme.
“We will be showcasing our purpose-built robotaxi or Cybercab in August,” Elon Musk said in the latest earnings call. My suspicion is that this will just be a concept car with comfortable seats and no steering wheel.
But what if he actually delivers?
If so I’m sure TSLA stock would soar following the unveiling event, which is scheduled for August 8.
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I also think it would be a fleeting victory. The bull case for TSLA has been that mountains of data collection from real-world cars would help them to built a self-driving system via some kind of brute…
