In his note last night, MS’ Adam Jonas offers his perspective on the $25K compact vs robotaxi debate. Jonas estimates the $25K compact accounts for over 40% of incremental unit volume from
FY24 through FY30, so a good chunk of TSLA’s 60x FY’24 P/E. By 2030, Jonas estimates the… pic.twitter.com/PNKouKFDLp

— Gary Black (@garyblack00) April 6, 2024