Duan Yongping Says Driving a Tesla Is His Top Choice, But Investing Still Relies on "Guesswork"

On February 4, renowned investor Duan Yongping stated on Xueqiu that he has chosen the Tesla Model Y as his primary daily driver, praising its Full Self-Driving (FSD) capability as "truly effective." He admitted that while his personal opinion of Elon Musk hasn't changed significantly, he acknowledges the strength of Musk's products—particularly innovations like FSD, Starlink, and rocket reusability, which were once met with skepticism but have since become reality. However, Duan emphasized that investing in Tesla remains highly risky due to its valuation being based on a "dream-to-market ratio"—a high valuation driven by speculative expectations rather than solid financial performance. Meanwhile, Tesla is undergoing a period of transformational challenges: both its full-year 2025 revenue and vehicle deliveries have declined, with automotive revenue down 10% year-over-year. The company has announced the discontinuation of the Model S and Model X, shifting its strategic focus toward AI, autonomous driving, and humanoid robotics. Tesla plans to invest $20 billion in these areas in 2026. Its third-generation Optimus robot is expected to reach an annual production capacity of one million units, supported by a newly developed, in-house supply chain.