Tesla's stock witnessed a sharp decline following the disappointing Robotaxi event, but recent Q3 results showcased a recovery in Tesla's auto division, renewing investor interest.
Despite the robotaxi disaster leading to downward revisions by even bullish analysts, Elon Musk's expectations of 20%-30% growth for Tesla's car division have repositioned investor sentiment positively.
The future of Tesla's valuation heavily relies on robotaxi and AI revenues, creating a tug-of-war between past disappointments and current growth narratives in the auto division.
The article suggests that while robotaxi headwinds persist, accelerating growth in Tesla's core automotive business could balance out the investor concerns, making it worth monitoring.
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