Tesla is a car company currently not major tech oneLook at the safety issue, I would not risk my life to rely on others including FSD to drive my car
Look at the price $15000 I can afford but feel not worth to pay that much
Look at how many user could buy FSD, currently sold 285,000 copies. that is like 8% of annual revenue, each year car sales volumn is like 1000000 to 3000000, let's say 10% of the user would buy that, then annual revenue ranges from 1.5b to 4.5b still not that much
So don't expect much can be changed to share price,
I would be happy to buy FSD if only sell $2000, I think every car user would be happy to include FSD.
Anyway, Currently Tesla is a car company and lot of competition, fair SP could be based on F and GM PE , long term only if tech part makes money otherwise that part only worth a small portion of MC