Every bull case you will hear about why tesla is the only company ripe for FSD, you will hear one thing the most. "but ….MILLIONS OF MILES ON TESLA WORLDWIDE". Just listened to Cathy Wood's latest interview, and this was her whole argument for buying more and more TSLA
This is complete BS argument, and for these people I have only one thing to say. Google was and is the king in Data, yet we have ChatGPT and Anthropics took them by surprised. They have fraction of data that google has, yet they are far better LLM model than Gemini. It clearly isn't about quantity of data, more so on quality and how it is used to train your model.
Same thing for selfdriving, we literally have Waymo running since 2019, and now expanding to even more cities but people refuse to acknowledge. Tesla has no lead in AI, not in software or hardware. if you listened to TSLA's latest earning call, there was also no mention of dojo, and instead they kept bringing up about buying NVDA H100 to build super computer. This throws out any vertical integration argument as well.
I know people still like to drink Musk coolaid but this is not going to end well. And before you think I am one sour grape because the stock went up 12%, do check my comment history. I insisted in buying calls for yesterday's earning. But that doesn't change the fact, that tesla is going to be a dead money for a while. It IS a well run car company, with no debt and state of art manufacturing. Their only MOAT is the tesla's supercharger network. It should get higher multiple than traditional car companies no doubt. But that's about it.
