How much of Tesla (NASDAQ: TSLA) The backup value is based on the potentials of Robotaxi? The RBC Capital Markets analyst, Tom Narayan, puts him at 60%.

On Monday (June 23) Tesla may be right on Monday (June 23). This is the day after the long -awaited implementation of Robotaxi, which took place in Austin, Texas. It was a low thing, but it was largely successful.

The selected group of investors and influential travels around the city and streamly sent their adventures. Nobody was injured and it looks like everyone arrived where they wanted to go.

Quotation

Many see Tesla’s valuation, with a price -high (p/e) price ratio, as too high for the engine manufacturer. There is no dispute from me. But the perception of Tesla as a car manufacturer would certainly be a mistake.

If Mr. Narayan was right, some of Tesla would not effectively have P/E 79. It still seems very high, based on the creation of cars. But it certainly must include the value of intellectual property for the pioneering technology of the Tesla electric vehicle. And presumably her promises in robotics and artificial intelligence.

How much is actually overlapping between this and anything assigned to robotaksis is far from clarity. But it leads me to say that an attempt to place conventional valuation in the company is now profuse. AP/E based on the latest results or on tiny -term forecasts looks very destitute.

Wall Street Outlook

An attempt to sense analysts’ forecasts does not bring much clarity. The high -class target range suggests $ 500 per share. And that would mean a 40% raise in price at the time of writing.

But the average target price is only around 307 USD, due to the loss of about 14%. There is even an analyst predicting a disaster from $ 115.

On this basis, we can expect that most sell or maintain a consensus, right? Well, no. Tesla has nearly twice as many analysts, not sales. Do these two things – average target price and balance buy/sale – make sense together? Not for me.

The most stubborn bull

And then we have the Ark Invest Cathie Wood, which is extremely stubborn at Tesla with the forecast of the share price for 2029 … wait for it … 2600 USD. This is based on some convoluted computer simulations, which are based on all types of variables, which we can really guess very vague. It’s worthless for me.

It strengthens the belief in investing professionals and their valuation of Tesla. Most of them just don’t have the slightest tip.

So what can humble private investors like us do? For me it’s an basic decision. My inability to develop all kinds of valuation means that I will stay away.

But in the medium period I see that Tesla’s supplies are pushed by any non -financial good news. Robotaxi’s success, although petite, can be the latest. Anyone who thinks the same can consider buying well.