Elon’s words from the last earnings call seem to me a clear signal: “I think probably unsupervised FSD or Robotaxi revenue will not be super material this year, but I do think it’ll be material probably in a significant way next year.”—Elon That was in April 2026. I’m aware that Elon said last year Robotaxi service will cover half of US population, and it did not happen. I don’t know exactly how big Elon’s “significant” is, but I think Robotaxi contributing 15% of profit should give us some color on how the valuation will look like directionally. It might be just 5%, or 20%, or even more. I hope this projection can give everyone an intuitive feel. By then, if Tesla’s stock is still valued at around 380x P/E, the target price should be around $650. But at that time, Robotaxi will no longer be an unvalidated business like it is now. It will be a validated and scaling business. Everyone will realize it. The market will move the valuation forward in advance. #Tesla $TSLA #Robotaxi
