Valuation models
price $399.81 · as of Nov 2, 2026
Sum of the parts · base caseused23.54 – 538.9897.04312% overvaluedDCF · Perpetuity growth · 5y44.65 – 55.2848.88718% overvaluedDCF · Perpetuity growth · 10y63.78 – 82.7171.53459% overvaluedP/E · peers18.45 – 62.2622.381686% overvaluedP/E · own history81.60 – 295.25197.60102% overvaluedPEG—42.03851% overvaluedEV/EBITDA · peers48.18 – 84.6460.01566% overvaluedEV/Revenue · peers37.47 – 39.7738.57937% overvaluedWall St. consensus target—433.508% belowCost of capital (WACC)—11.58%—
The headline is the sum of the parts' base case; the other models value the filed business alone. How the headline model is chosen.
Sum of the parts · 10-Q Sep 30, 2026Full breakdown ›
$97
Base case, per share
312% overvalued
CaseValuePrice vs it
Bear case$241,598% overvalued
Base case$97312% overvalued
Bull case$53926% undervalued
Price implies
2.2M
robotaxi cars by 2030
Wall St. target
$434 8% below
Weighted 25 / 50 / 25
$189
How it is valued
Valued asHigh growth
Revenue declining (~-1% recent)Decelerated from ~25% 5y CAGRThin margins (4.0% net margin)Highly cyclical earnings
Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; how each model works is in the manual.