TSLA - MORGAN STANLEY REITERATED AN OVERWEIGHT RATING AND 410 PRICE TARGET ON TESLA Jonas highlights the growing convergence of AI research and manufacturing, calling it a new era of "embodied AI." He compares the rise of autonomous vehicles and robots to past tech revolutions like the airplane or internet—initially uncomfortable, but inevitable due to cost and safety benefits. He estimates that one humanoid robot earning 5/hour could replace two humans earning 25/hour, creating an NPV of ~200K per robot. Similarly, AI-powered robotaxis could significantly reduce ride-share costs per mile.(*Walter Bloomberg)