Michael Dell is absolutely crushing it this year

Impact · against what's priced in

Dell's record AI server growth is a massive fundamental win, but the 225% stock surge likely incorporates these trends into the current valuation. For Tesla, the SpaceX IPO is a balance sheet event for Musk personally rather than a driver of the company's operational autonomy or energy schedule.

TSLA+0.00

Doesn't touch the price's assumptions

The price assumes

near-term (12-24 month) driverless commercial scale

The SpaceX IPO increases Elon Musk's personal net worth but does not accelerate the timeline for unsupervised driverless software or Megapack energy compounding.