The Pay and Performance scheme of TSLA and Elon Musk is passed at length. On the voting, 70% agreed with this and those that disagreed might sell the stocks, those that agreed will also sell on good news. This is not a bubble, but just shown that it was over-speculative or over- optimistic. That was looking too good on this scheme. No wonder, because Elon Musk is a superman, and TSLA is a profitable stock.
A lot of people said the current market capitalization of TSLA is 1.4 trillion and the target of the scheme is 8.5 trillion. Does it mean the price of TSLA will rise 6 times in 10 years? I asked the AI to explain; it may but not guaranteed. For that 8.5 trillion level is not a single day hitting, but a period of time. Please refer to the Express on last Friday, the time of NVDA goes from 3 trillion to 4 trillion is over a span of 7 months, and from 4 trillion to 5 trillion is 3 months and not just any day. So, it is very hard to say what about 10 years later, just say quite profitable.
One more thing I want to say, not so many people would have focus on the flying cars of Elon Musk, actually they have 2 types, one is in 4 wheels as traditional car which costs are US$30,000 and another is a one-seater costs at US$6,780(see page 6). Will talk about this tomorrow. This superman Elon Musk is continuing to bring a lot of revolution on Earth and even on Mars. So, we can believe that the stock price of TSLA will go up incessantly, but there will be a lot of ups and downs as he already said numerous times, he is too optimistic, that means his target even though can be reached, but always takes a longer time than expectation. Therefore, it is quite hard to forecast the ratio of price in relation to market capitalization, anyway it will be quite profitable.
As the market is adjusting, it can be treated as a small golden pit. It is the best time for buying. Since the TEM is also selling on good news. It is a special scene recently. A lot of stocks are having nice result announcement, but the price still goes down. For in the past people are looking too good on it. When all good news had come out, no better news will be expected, the only way is to adjust.
We have to understand that market is going into second stage of AI usage, which is application. AI robots not only can apply to Full Self Driving or warehouse management, but now can apply to lawyers and doctors. The TEM is using AI for prescription, that means it can give the most effective dose at once. When you go to attend a doctor, even though he carefully examines your situation, it will not be as comprehensive as AI to read all your past record and the record all over the world of similar case. AI can find out the most suitable medicine that has been use in other parts of the world, especially in long term disease that the doctor no need to try this first and wait for response and determine whether should use the others.
This will be the new AI trend, AI cannot replace human directly, but a capable AI user can replace a non-capable user, no matter in what kind of industry it is the same. Therefore, not only drivers have to face the competition of Full Self Driving, every industry should get ready for the challenge of AI. The most effective way is to become a capable AI user at once. Take care, the revolution has already started and is affecting everyone on earth.