Invest in Telsa only if you believe in the pure physical AI play

1) Only pure EV play with Grok and FSD

2) AI driven Robotaxi (the market allows for more than 10m Robotaxi in 5 years) - 10m x 25,000 income per Taxi per year = 250 bln per year of EBITDA.

3) Grok unifying FSD and Optimus. Imagine Grok being your physical companion in both your transport needs and in your own household - no other company can offer that

4) Optimus would account for 70 to 80% of the 8.5 trillion value = 6 trillion value. This translate into EBITDA of 200 bln to 300 bln from Optimus per year. Assuming each Grok has an operating margin of say $5k, we are assuming more than 60m sale per year of Optimus? Current production capacity of Telsa only at 2m. Scaling Optimus would take at least 5 years. Final operating milestone in Elons compensation package.