Last night, $Tesla(TSLA.US) rose by over 3% again. It feels like the market is starting to re-price the AI narrative recently. Musk just said on X that Tesla will be one of the companies to achieve AGI, and it might be the first to make AGI in the form of a humanoid robot. Simply put, it's bundling AI + robots + autonomous driving together to tell a story.

Actually, if you think about it carefully, Tesla's logic isn't completely empty. It has a few things in hand:

1) Massive real-world data (autonomous driving)

2) Computing power and training systems (Dojo + AI team)

3) Robot hardware (Optimus)

If AI is truly going to land in the physical world in the future, humanoid robots are indeed a huge application scenario. Musk has said before that Optimus might be more important than the car business in the long run.

However, the market now also has a bit of a "faith-driven market" flavor. The term AGI, $OpenAI(OpenAI.NA), $Alphabet - C(GOOG.US), and Anthropic are all working on it, and now Tesla is also telling this story. Whether it's real technology or capital narrative, we'll have to see in a few years.

My current personal thinking:

Tesla is no longer a pure EV company; it's essentially a platform company for "AI + robots + autonomous driving." Short-term, look at sentiment; long-term, look at execution.

What do you all think? Could Tesla's biggest future business really be robots instead of cars?