1. Tesla's Full Self-Driving (FSD) technology remains at Level 2 autonomy, insufficient for robotaxi services requiring Level 4 (geofenced fleets) or Level 5 (fully autonomous); 2. Achieving Level 5 autonomy, critical for Tesla's robotaxi vision, is currently unfeasible due to technical and regulatory challenges; 3. Tesla's $1.1 trillion valuation faces significant risk as its robotaxi strategy is deemed unrealistic and misaligned with current autonomous driving capabilities.