BYD is telling you there’s no value in self-driving,

For how much longer can the stock remain divorced from the fundamentals?”

There’s absolutely nothing stopping him from releasing this self-driving technology right now,

If he released it tomorrow, the jig would be up. These things would be wrecking across America.”

We foresee another year of stalled volumes without an imminent new vehicle launch,

While the long-term story at TSLA has shifted to AI (robo-taxis and humanoid robots) and progress there continues, we believe these are longer dated opportunities that the premium multiple already (more than) considers,