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I first started writing in glowing terms about Tesla (TSLA) in 2012, when its entire stock history looked like the chart below:

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It is up about 200-fold since then, and Elon Musk has morphed from a virtually unknown name to the most famous person on the planet and the richest man in history.

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An important component to the company’s recent success has been hope for the Robotaxi and the successful positioning of Tesla as an AI company. Otherwise, the rapidly declining sales of their cars would be pummeling the stock.

Zooming in on the most recent history, the stock suffered a terrible fall when Elon was on the outs with Trump, but now that things seem pretty much patched up, Musk has the Midas touch once again (not to mention SpaceX, another of his many firms, which is now worth $800 billion).

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One company that isn’t enjoying the Tesla glow so much is UBER, which itself would be harmed by any big success of the Robtaxi. I’ve got to say, with all the ghost cars driving around my fair town of Palo Alto (all of which are Waymos), I can see the potential (and I dream of the day when BUSES are nothing but a distant memory, since, as I’ve written before, they are the stupidest form of transportation ever invented).

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