For the bulls that follow the stock, Tesla's (TSLA) ambition with its Full Self Driving is the key to unlocking the car company's true potential.
Famed investor Cathie Wood, founder of Ark Invests, sees Tesla's stock price being 10 times higher in 2027 than it is today based the company's robotaxi ambitions.
Forget Tesla -- find out why we're all-in on this EV stock
Elon Musk himself recently told CNBC's David Faber that fully autonomous-driving "does look like it's gonna happen this year" and that Tesla with autonomous driving capabilities is up to 5 times more valuable than a traditional car.
But some analysts aren't convinced.
"If his dream is true, that you can push a button and it will take you anywhere then he could be right," Roth Capital analyst Craig Irwin said. "But let's look at reality. A lot of people who drive these vehicles with FSD report significant false braking, false apparitions that cause significant malfunctions."
"I love his vision, but I am a skeptic...The issues with FSD are tough to solve and I think they will continue to be tough to solve for some time."
And while publicly, Elon Musk is a full believer in the capabilities of Tesla FSD, the company told the California Department of Motor Vehicles something different two years ago.
When officials at the California DMV asked Tesla for details about the FSD beta program, Tesla responded with a letter stating "we expect the functionality to remain largely unchanged in a future, full release to the customer fleet," and that the company does not "expect significant enhancements."
Roth Capital has a neutral rating and $85 price target on the company.
Tesla shares were trading up 4.3% to $173.75 Wednesday afternoon.
