JPMorgan estimates that $TSLA's Robotaxi revenue will hit $320B by 2035.
This means they believe:
1. At $60K revenue per vehicle, Tesla will have 5.3M active Robotaxis.
2. At $50K revenue per vehicle, Tesla will have 6.4M active Robotaxis.
3. At $40K revenue per vehicle, Tesla will have 8M active Robotaxis.
The fact that they are now believing that Tesla will have over 5M active robotaxis by 2035 is a massive signal that analysts are now slowly doing the math and will price that it in.
The question is when and I believe that'll happen when $TSLA gives us actual Robotaxi revenue/profits #'s and margins + guidance. That outlook would trigger every analyst to price it in confidently. That's when I believe the stock would explode.