For retail investors indeed, the 'carrot' was robotaxi and lately robots.
But many (most) Wall Street analysts were attaching 0 importance to these 2, and their valuations were mostly driven by the projections of auto-sales. Which indeed at 20M units / year, given the margins they made in 2022, would be something valuable.
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For retail investors indeed, the 'carrot' was robotaxi and lately robots.
But many (most) Wall Street analysts were attaching 0 importance to these 2, and their valuations were mostly driven by the projections of auto-sales. Which indeed at 20M units / year, given the margins they made in 2022, would be something valuable.