Tesla was not chosen: last quarter revenue was flat, operating margins have shrunk for years, and at 175x forward earnings it costs more than six mega-cap technology peers combined despite having the slowest growth and significantly lower margins.

Let me tell you why I didn't choose Tesla. Tesla's revenue was flat in the last quarter. Its operating profit margins have been shrinking for years, and the stock is trading at an astronomical forward price-to-earnings ratio of 175 times.

This means you could add up the future earnings multiples of Apple, Microsoft, Amazon, Alphabet, Meta and Nvidia, and yet Tesla would still be more expensive than all six companies combined, with the slowest growth and significantly lower profit margins .

Tesla does not currently disclose the number of its trips, and this leads me to talk about humanoid robots.