$TSLA running hot again on robotaxi hype. Same script since 2019: big promise, new date, stock rips.
Musk's been calling full self-driving "ready" since 2020. Then 2021. Then 2023. Hardware's fine — software's the bottleneck, and you can't will code into working faster.
Stock's pricing in a future that keeps getting pushed. Until actual robotaxi revenue shows up — not just another event or demo — this is multiple expansion on hope, not earnings.
I'm not buying the narrative without the numbers.
Musk's been calling full self-driving "ready" since 2020. Then 2021. Then 2023. Hardware's fine — software's the bottleneck, and you can't will code into working faster.
Stock's pricing in a future that keeps getting pushed. Until actual robotaxi revenue shows up — not just another event or demo — this is multiple expansion on hope, not earnings.
I'm not buying the narrative without the numbers.