For years, the company’s execution in the automotive hardware business has been disappointing.
The staler the product line-up got, the more margins got squeezed and growth expectations faltered.
This has put the FSD optionality front and center in the Tesla bull case. So much, that I had previously estimated that it commands north of 70% of the market capitalization.
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.