On Tesla’s third-quarter call on October 21, 2026, Elon Musk said the company will end up doing a majority of all passenger miles on Earth in any country where it can operate freely, with no timeline and a caveat that governments could stop it. Tesla’s robotaxi fleet has driven nearly two million unsupervised miles, growing eightfold during the quarter, while CFO Vaibhav Taneja said the company has not yet reached its $0.30 per-mile goal for paid robotaxi miles. For comparison, Uber alone handled 3.9 billion trips in its second quarter. Tesla closed the regular session at $386.47, up 3.41%, before dropping to $373.65 in after-hours trading, with a $1.53 trillion valuation. The article argues that the stock's roughly 402 times earnings assumes a much larger robotaxi business than exists today, while Uber trades at about 14 times earnings and works with many partners.
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TSLAElon Muskelectric vehiclesvaluation
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/21/2026 | 386.55 |
| Change that session | +3.44% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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