Case for Amazon: a cloud and advertising business that happens to own the world’s biggest shop, paying for a $220 billion wager out of its own pocket. If the robots disappoint, AWS still grows 37%, the ads still grow 26%, and $496 billion of signed work still arrives. The worst case is a long, expensive argument about capital allocation. Case for Tesla: A robot company with a car business attached to it. Tesla shipped a record 480,126 cars in Q2, and FSD subscriptions also rose 56% to 1.48 milli
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