I feel similar. Long term Tesla bull. Still holding 4 digit shares, yet undeniable that the Tesla narritive has changed so many damn times.
Used to think they had a 5 year lead on robotaxi at least, but as of right now BYD has an L2 system where the mfg takes liability for all at fault accidents, and xiaomi's fsd competitor drives more like a human in the chaotic streets of urban China than timid FSD does.
Still see Tesla as the dominant player in robotaxi, but if CCP wanted to push their self driving models the same way they've been pushing open weights LLMs, Tesla's moat is thin. Optimus progress also not looking very high tech in the face of Chinese humanoids rn.
As a TSLA investor, I havenโt felt more clueless about whatโs going on/whatโs coming next than I do right now.
FSD is amazing, but the goalpost with Robotaxi keeps getting moved and I have no clue why. No clue when โreasoningโ is going to make parking so good that itโll see spots I donโt see. No clue when half the US population will have Robotaxi access. No clue what the final piece of the puzzle was etc. There were 7 new Robotaxi cities on a list for 1H26 in the Q4 deck, which ended up disappearing from the Q1 deck, and with 3 weeks left in 1H26, only 2 of 7 have hit. No clue why.
Def would be awesome to have something like this. Or at the very least, some new revised roadmap from Tesla AI similar to what we got a year or two ago.
I still have conviction in the long-term story here, but itโs weird how sometimes they choose to communicate with investors, and other times theyโre vague/leave us totally clueless. I canโt tell if theyโre about to go gangbusters or something isnโt going as planned/weโre cooked for a few more years.