One thing that struck me about today's event: how different Jobs and Musk are.
Think back to Jobs announcing the iPhone in 2007. It was a monumental/historical event, a game-changing milestone that fundamentally changed the industry and launched "mobility." Sure there had been hints it was coming with Palm Treos and Blackberries, but the iPhone blew everyone away and set Apple on a path that would take it to a trillion-dollar market cap.
Now think of Elon's presentation today. I'd argue the event, in hindsight, has the potential to be seen as a game-changing milestone that fundamentally changed an industry and launched "robotaxis." Sure there have been hints it's coming, with Waymo et al. But what Tesla showed off today was pretty mind-blowing and sets Tesla on a path that, maybe?, takes it to a trillion-dollar market cap.
Now think if Jobs had announced the iPhone in 2006, or 2005, a year or two years before it was out and purchasable. And imagine how Wall St would have reacted. They probably would have been "meh" and "show me." Jobs waited until the iPhone was imminently available before announcing it. People realized this was gonna be obtainable in days or weeks. Musk is announcing a robotaxi network that's still a ways out, obviously to alert the market about the difference between Lyft/Uber (both IPOs) and Tesla's competing offering. But Wall Street and the media are at peak skepticism/FUD when it comes to Tesla. Elon could have announced that oh yeah, the our HW3 proprietary chip's spare trillions of compute operations available beyond FSD in the cars will be used for a cure for cancer, which will be done within 18 months of rollout. I don't think even that would move the stock. I'm not sure anything from today is going to be a big boost to the stock any time soon until Tesla shows it is executing brilliantly. No more fumbles, like announcing full closure of stores one day and then walking back that announcement 48 hours later. The market is still reeling from that, for good reason.