[bdangubic]

not the past 2 years - more than a decade on "robotaxi" (https://brandonpaddock.substack.com/p/a-brief-history-of-tes...) ... the bots came later...

[TheAlchemist]

For retail investors indeed, the 'carrot' was robotaxi and lately robots.

But many (most) Wall Street analysts were attaching 0 importance to these 2, and their valuations were mostly driven by the projections of auto-sales. Which indeed at 20M units / year, given the margins they made in 2022, would be something valuable.