Where Will Tesla Be in 5 Years?

Tesla's Cybercab launch disappointed investors, with stock falling 6% on September 3. While the company has a $1.1 trillion market cap, it has underperformed the S&P 500 over the past five years (up 54% vs. 71%). The article argues Tesla's valuation is priced for perfection, with future profits from robotaxi and robotics ventures highly uncertain. Even assuming a 400% earnings increase by 2031, the stock would still trade at a steep 40x forward multiple, suggesting limited upside potential for investors.