Tesla’s Robotic Dreams & the Market’s Delusions

Rosner’s model, a delicate edifice built on assumptions—30% autonomous penetration, Tesla capturing half the market, a mere dollar per mile—projects a valuation of $2.75 trillion. Discounted back to the present, that’s a somewhat less astronomical $900 billion, or $250 per share. A tidy sum, certainly. And then, as an afterthought, he adds the potential of Optimus, the humanoid robot, and full self-driving licensing. One almost expects a chorus of angels to begin trumpeting. It’s enough to make a rational man reach for a strong cup of tea…or something stronger.







