With Wall Street being at record levels once again, the Technology Select Sector ETF (XLK) climbed another 12.5% from 230 in early June to 258.70 at the intraday peak on July 10. The world's most valuable companies are reaching new milestones, including Microsoft breaking its long-time psychological $500 barrier, with now $3.75 billion of market caps and Nvidia's $4 billion absolute achievement. Tesla, with its "only" $1 trillion, currently looks like the most undervalued super unicorn, although it is arguably a much more AI-innovative and diversified company. Tesla's apparently temporary slide from its recent top range between $350 and $370 over the last couple of months to its lower end below $300 appears to be very politicised amid its founding father Elon Musk's verbal activity in X that should have little bearing on his actual business.

This opinion is supported by a sudden 5% surge in Tesla share price within one trading session in sync with even the slightest appropriate news coming. Tesla jumped from $295 to a bit above $310 before the end of the week, with the investing crowd whooping like a bee sting each of them, when Reuters said Tesla was seeking approval to launch its promising robotaxi services in Arizona. Despite the clearly experimental scale of this service so far in Austin, Texas, where they launched a limited robotaxi test program, not to mention other U.S. states or China, an enthusiastic sentiment of investors cannot be hidden any more. After the initial process of debugging in details, numerous Tesla sceptics are going to become confused.

It all sounds like the last call to buy Tesla stocks while they are still trading around $300 per share, and not somewhere between $420 and $480 as we expect. The ultimate profit margin for Tesla shareholders over the rest of 2025, using buy strategies after retracements, could be several times higher than the residual income from extra investments into NVIDIA or Microsoft, since at least two-thirds of their potential ways up for this year are probably left behind.

As for Arizona, Tesla CEOs reportedly approached the state authorities in late October to initiate certification for an autonomous vehicle ride-sharing service. An approval is expected by the month-end or before the end of the summer, with Reuters citing the state’s transportation department. "They have expressed interest in operating within the Phoenix Metro area," Arizona’s authorities told Reuters. The application was to test and operate EVs both with and without human drivers. Besides, Musk said that Tesla plans to extend the robotaxi service to a larger area in Austin as soon as this weekend and then launch it in the San Francisco Bay Area within the next couple of months.

The electric cars themselves, the network of electric filling stations, including its use by rivals, then robots, a completely innovative AI recognition system, and now extending full self-drive (FSD) technologies on robotaxis - all these are components of rising payback. If Tesla market value had to pay some fleeting price for Elon Musk’s political style, his new America Party project will turn the page soon, as we feel. The America Party has no presidential ambitions of its own, as Musk has confirmed that he is not going to nominate his alternative candidate for the White House chair, Musk himself cannot run there under any circumstances, even theoretically, as he was born outside America. The struggle for a small share of Congressional seats with opportunities to bargain with both Republicans and Democrats for crucial votes on important bills does not threaten the system so much that Musk or his business suffer significantly.

Those who refused to buy Tesla cars because of Musk's political views when he supported Trump, whether in the U.S. or Europe, do not make up a large proportion of Tesla's customer force. This is more of an anti-PR campaign than something strongly related to business reality. Again, the America Party project may free Elon Musk from the baggage surrounding president Trump. Trump haters would stop being Musk's haters, in simple words. And this may even improve the base for Tesla branding loyalty. As to robotaxis effectiveness, not single cases, but statistics will determine the robotaxi’s error rate soon. This error rate will become lower due to FSD’s reliance on machine learning for the algorithm's self-education. Then public trust in FSD will grow to transform it into the major trump card in Elon Musk's pack.