If Robotaxi Is The Next Frontier, Either Tesla Or Google Is Completely Mispriced

Summary:

• Tesla’s valuation is significantly inflated due to speculative robotaxi prospects, while Alphabet’s Waymo has more grounded, albeit early-stage, revenue projections.
• Waymo’s $45B valuation seems more justified given its operational progress, yet it barely impacts Alphabet’s overall market cap.
• Tesla’s current market cap heavily relies on future robotaxi success, which remains uncertain and speculative.
• Alphabet appears undervalued, with potential for multiple expansion, especially if Waymo continues its growth trajectory.

What I will be sharing today has made me think quite a bit about Mr. Market and its discrepancies. A two-fold dilemma stands before us investors, placing us before bifurcating paths. The case involves two mega-cap stocks, but only one can be justly judged or, in

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