Tesla's growing autonomy usage strengthens its case as one of the best plays on autonomous vehicles, robotics, EVs and energy. Q3 FSD subscriptions rose 67% year over year and robotaxi miles increased eightfold quarter over quarter; revenue was $28.05B and EPS of $0.48 beat expectations. FSD subscriptions are starting to contribute to revenue, though still relatively little. Licensing FSD to other automakers could expand the opportunity if it happens. x.com  x.com 

Majority use of Tesla's FSD would take its shares to $1,000. An iPhone-like adoption moment would also make roads safer. x.com 

Tesla's delivery beat is already priced in, making it bearish heading into Wednesday's earnings. Auto margins and FSD/Robotaxi are the key items to watch. x.com 

Tesla's growing Cybercab robotaxi registrations set up the next burn for short sellers. Texas registrations rose by 81 today to 544, per the state registry data shown in the chart. x.com 

Tesla's FSD uptake could add recurring software revenue to its vehicle base, while Robotaxi could earn on each ride. This could be Tesla's most important inflection point, missed amid weak auto profits. North American attach rates rose to 75% from 55% in Q2; subscriptions hit 1.74 million, up 67% year over year, and Cybercab rides began in Austin. Trials may not become lasting paid subscriptions; Robotaxi needs safe operation, steady paying demand and attractive returns at scale. x.com 

Tesla's 200x earnings multiple asks too much of weak current results and speculative future products. Third-quarter revenue fell 0.4% year over year and EBIT missed estimates by 25%, despite gross-margin and cash-flow beats. Robotaxis, humanoids and other future plans may have appeal, but impressive parts of the business do not make the stock worth its current price. x.com  x.com  x.com 

A SpaceX acquisition of Tesla now seems very likely, at over $500 per share within the next 12 months. Investors are also bullish on robots and robotaxis, so Tesla's fundamentals and valuation do not seem to matter now and have not for some time. x.com 

Robotaxi, Optimus and satellite data centers should keep a merged Tesla moving higher. x.com 

Tesla is not worth owning right now because better opportunities exist elsewhere, despite its self-driving lead; further declines would renew interest. FSD on HW4 is magical and, apart from Waymo, leads rivals by at least five years. Tesla could likely keep charging $99 a month thanks to its walled garden, safer tech, international expansion and insurance discounts. Self-driving becoming a solved problem would be exceptionally bullish for Tesla, though that is more than five years out. x.com  … Show more

Tesla's FSD continues to drive sales as its physical AI strategy takes shape. Attach rates top 75% of North American deliveries, active subscriptions have reached 1.74 million, up 67% year on year, and Optimus production has begun. Those developments also dovetail with the strategic fit of a SpaceX merger. x.com