Valuing Tesla's Future

Aswath discusses the valuation of Tesla, landing at $180 per share, which highlights the significant role narratives play in the market. He emphasizes that even nascent technologies, like auto software and robotaxis, hold value, arguing that Tesla is uniquely positioned to monetize its advancements in full self-driving technology. Despite acknowledging the challenges ahead, he stresses the importance of grounding narratives in tangible numbers to avoid fairy tales.