Tesla back in the headlines post Elon’s CNBC interview yesterday. Issues discussed include Elon committing to at least another 5 years as CEO and scaling back on his political donations. He reiterated that they plan for Robotaxis on the road in Austin, Texas by the end of June. Starting with 10 cars, scaling to 1,000 within a few months. They will be fully driverless, monitored closely by Tesla and initially geo-fenced (like Waymo) to smaller, predefined areas in Austin. He doubled down on why the vision based system used by Tesla is superior to Waymo’s LIDAR. His argument has always been that vision based replicates how roads are designed for drivers with eyes. In his words “we do not drive down the road shooting lasers from our eyes”. Tesla remains open to licensing its autonomous driving systems to other auto manufacturers. He still sees the long term value in Tesla as autonomy and its Optimus robots versus producing vanilla EV’s. Tesla’s share price remains an enigma. It received lots of negative press when it sold off sharply earlier this year. However, not much has been written about its subsequent 55% recovery off its low in recent weeks. Its volatile share price and divisive CEO means it is not a share for everyone. For the Tesla bulls you have to wait for the crack that occurs in its share price every so often, and then buy some shares and stick them away for 5-10 years.