is joining us now. Steve Wesley, founder of the Wesley Group and a former Tesla board member. Steve, it's great to have you on. And let's start right there. I just I just used the phrase. I'm going to put it to you. Comeback kid for Tesla. Is it warranted? >> Well, we'll see. Look, 2026, it's going to be a pivotal year. Share price today, record high, $1.5% trillion. But Tesla's likely to see the second year of declining sales and shrinking profits. So, they've got to get robo taxi approval and they've got ...

Robo Taxi Initiative & Safety - Tesla's robo taxi initiative and full self-driving (FSD) are critical long-term value drivers for the company [2] - The primary focus should be on ensuring a clean and smooth launch with an extremely high safety record, outweighing the importance of the number of vehicles deployed [7] - A risk to the robo taxi launch is the safety of the autonomous driving system, as any accident involving a robo taxi will attract significant attention [5][6] Rollout & Expansion - The robo taxi service is expected to start with a slow rollout, potentially involving 10 to 20 Model Y vehicles closely monitored by Tesla [4] - The rollout is anticipated to expand gradually over the next two to three quarters in multiple US cities [6] - One analyst estimates Tesla will launch and scale its robo taxi service to roughly 25 cities in the US over the next year [5] Competitive Advantages - Tesla's FSD system feels more natural compared to competitors [9] - Tesla's camerabased and AI-based system benefits from massive quantities of data for analysis [10] - Cost is a significant advantage, with a Tesla robo taxi potentially costing $30,000 to $40,000, while a competitor's fully equipped vehicle costs well over $100,000 [11] - Tesla's massive installed base of vehicles can be integrated into the robo taxi fleet, providing scalability [12][13] Upcoming Events & Expectations - Investors should monitor Q2 deliveries and Q2 results [14] - The company anticipates a solid sequential increase in sales in the second quarter [15] - Traction on the FSD front is expected, which should positively impact the stock as the year progresses [15][16]