Tesla is the number one stock searched by everyone.
Period.
Week after week, Tesla tops our TrackstarIQ searches.
And for good reason.
They’re changing the world.
Which is why we’re making the bold claim…
Garages will become a thing of the past.
It sounds looney.
But give us 5-minutes to explain our reasoning and see if you don’t agree.
No more garages
Why do we have a garage?
To store a car.
But what happens when we no longer need to?
That’s a real possibility in the coming decades.
You see, Tesla is far ahead of the competition in autonomous driving.
Yes, Elon Musk makes bold timelines that he probably can’t back up. But that doesn’t mean he never will.
All Tesla vehicles connect and deliver data to Tesla. We’re talking millions of driven miles.
What’s the number one thing artificial intelligence needs to thrive?
Data.
And Tesla has gobs of it.
We’ve all seen stories of the guy who fell asleep at the wheel while his car drove on autopilot.
The reality is we aren’t far off from cars driving themselves.
And with that comes mass-market saturation of robotaxis.
It sounds crazy until you realize that it’s not that far-fetched.
Why would folks own cars when you could hail a Tesla on-demand…
A car whose main cost was its development.
Think about it.
We’re becoming greener every day with energy production. It’s not absurd to think that these taxis might be powered through a solar panel array.
Maintenance of electric vehicles is a fraction of combustion cars.
Tesla’s are designed to last 300,000 – 500,000 miles. Yet, we’re already seeing Tesla vehicles reach over a million miles.
So what does that come out to per mile when the car costs say $50,000?
$0.10 – $0.20 a mile give or take.
At that point, it becomes cheaper to simply use a Tesla than drive your own car.
Our hot take
Musk already gave a nod to robotaxis back in January.
And he lays out a clear case for why their current stock price is justified.
While he’s probably a bit generous, that doesn’t mean he’s necessarily wrong.
