The reality as I see it now is that TSLA's robotaxi rollout is on track, with public launches and regulatory approvals.
Short-term regulatory and competitive hiccups in the robotaxi business are rather immaterial so long as TSLA progresses toward the end goal of unlocking this trillion dollar opportunity.
The Q3 print may have automotive margins pressure which is likely to continue into Q4 as EV credits fall off. But again, don't focus too much on the automotive business.
TSLA stock's valuations make sense if we look at the value potential in robotaxis and humanoid robots. The technicals also align bullish.
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