For years, Tesla’s robotaxi story has been easy to describe and hard to measure. Elon Musk made promises, Wall Street argued about them, and the actual number of driverless miles stayed small enough to ignore. In July, Tesla’s unsupervised fleet had logged about 380,000 miles in total. That changed over the summer. Tesla now has a growth curve it can point to, and one of Wall Street’s bigger Tesla bulls says the curve just bent upward. If you own Tesla, or an index fund where it ranks among the biggest holdings, this is the number the stock now trades on. Car sales still pay the bills, but the Robotaxi is what investors are paying for.
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