Tesla, Self-driving Cars and Artificial Intelligence, AI

At around 1 trillion USD market capitalisation, in my personal opinion, Tesla Inc. the electric vehicles producer, is grossly overvalued. I estimate the long-term intrinsic value of Tesla is 120 billion USD. However, if Tesla succeeds in developing artificial intelligence good enough to power autonomous vehicles, then Tesla's valuation story changes dramatically. If Tesla manages to produce good enough AI to enhance self-driving vehicles it can charge much higher prices compared to the cars it currently produces, because it will save people the ultimate limited resource - time, along with effort and money. Which will be remarkable, as Tesla is primarily active in the luxury vehicles sector and there the prices of vehicles are quite high, since this part of the vehicles market is boutique essentially in nature.