Elon Musk said on X that Optimus and Cybercab will be the vast majority of Tesla's value, ahead of third-quarter results due after the close on Oct. 21. The article notes Tesla's operating margin fell from 16.8% in 2022 to 4.6% in 2025 and 1.4% in the second quarter of 2026 as AI and research spending climbed, while the stock trades at 189x forward earnings versus a five-year average of 107.7x. Gary Black of The Future Fund says earnings revisions are negative, and the article points to robotaxi competition and Cybercab's many limitations as further risks. The author argues the valuation prices in robots and robotaxis, and wants to see Cybercab running as a real fleet first.
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/23/2026 | 372.21 |
| Change that session | -0.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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