People buying Tesla at a $1.2T valuation: what is the actual bull case?

I’m genuinely trying to understand the math. Tesla is worth roughly $1.2 trillion today. Current numbers are approximately: Revenue: ~$100B/year Net income: ~$4B/year Revenue growth: roughly flat over the past year P/E: ~300x Let’s assume Tesla achieves enormous success. By 2035: FSD works. Robotaxis are widely deployed. Optimus becomes a real business. Energy keeps growing. Tesla becomes one of the most successful companies in history. What does that actually translate to in dollars? If Tesla e