Every Saturday, I answer questions from readers.

They focus on real investing questions, practical decision-making, and how to think about opportunities in markets that are rarely simple.

If you’ve emailed recently, there’s a good chance your question is addressed below.

Let’s get to it.

Been following since before you bought Fannie Mae (FNMA) last year. Good stuff! Regarding robotaxis, it takes me to work, then I rent it out... But how do I charge it??? What about the insurance??? And what about regulation?? – Esi

Thanks for the email and thanks for following along.

You’re asking the right questions. The real-world details will determine whether the robotaxi model actually works.

Charging would likely happen overnight at home or at dedicated fast-charging hubs if the car stays in service longer. Insurance is still an open question, but Tesla already offers its own insurance product, so it wouldn’t be surprising if a robotaxi-specific policy eventually exists.

Regulation is the biggest wildcard. Some cities are moving quickly with autonomous vehicles, while others will take longer.

So this isn’t guaranteed money. But if the technology works and regulators allow it, the bigger idea is simple: a car could shift from being a pure expense to something that can earn income.

I have really enjoyed your Million Mission emails. I love the topic you picked with autonomous vehicles, especially Teslas. My question to you is, how would the ordinary person compete with conglomerates like Uber, DoorDash, Lyft, Waymo, and others and be able to be profitable enough or survive?

Thanks for the email, Raul. I believe you’re referring to the Cybercab article I wrote on Wednesday.

You’re right to ask that question. On the surface it seems like an individual owner would be competing with large companies like Uber, Lyft, Waymo, and others. But the idea behind Tesla’s robotaxi network is a bit different.

In this model, individuals wouldn’t necessarily compete with those companies. Your Cybercab would simply be another vehicle on the Robotaxi platform, similar to how individual drivers today operate on Uber.

The economics are still uncertain. Early estimates – which should be taken with a grain of salt – suggest anywhere from $8,000 to $25,000 per year in after-tax profits depending on how often the vehicle is in service. Those numbers could change significantly once the network actually launches.

But here’s the key point: you can still use the car yourself.

So if you’re choosing between buying a normal car that only depreciates and buying a Cybercab that at least has the potential to generate income, the Cybercab becomes an interesting option.

I bought FNMA $11.00 shares with the hope of an IPO. When the FNMA price reached $6.50 per share I doubled down. Now recent news suggests that because of undercapitalization concerns and a $200 billion bond-buying mandate, the near-term privatization is unlikely until after the midterm elections, if then. Has the recent turn of events changed your strategy for this investment? What are you planning to do with your shares?

No, the recent headlines haven’t changed my strategy.

My thesis on Fannie Mae has always been simple: the company will eventually be released from conservatorship. The timing has never been perfectly clear, and the path has always been political. Anyone investing in this situation needs to understand that from the start.

Nobody is talking about Fannie Mae right now. The stock has quietly drifted lower and the narrative has turned negative. That’s usually when opportunity exists.

When the conversation inevitably shifts back toward reform or release from conservatorship, attention will return quickly. And when attention returns, the stock tends to move fast.

So no, I’m not selling.

In fact, if there are readers who don’t currently own shares and are comfortable with the high-risk, high-reward nature of this trade, I’d view this period of disinterest as a far more attractive entry point than an exit signal.

I had no idea that funds were required to purchase shares of companies added to indexes. To me that would be good news getting into SpaceX on day 1 and just holding. It worked for Tesla investors and I missed that boat. Musk has shown time and again betting against him is a fool's errand and to me I believe buying at whatever price you get on day one will be a winner. What say you? – James

Thanks for the email and for being a loyal reader, James.

Your question refers to my Friday alert where I explained how ETFs, mutual funds, and other passive vehicles are required to buy the companies that make up the index they track – like the Nasdaq-100.

That’s absolutely true. And this kind of structural demand can push stock prices higher.

If Nasdaq ultimately changes its rules and SpaceX is added to the Nasdaq-100 after just 15 days of trading, there’s a real possibility the stock could move higher.

Should you buy it on day one to try to ride that move higher? I’ll leave that decision to you.

I don’t hate the idea. At the end of the day, stock prices move on supply and demand. And index inclusion clearly increases demand.

That said, I’m not exactly thrilled with the current valuation. A $1.5–$1.75 trillion price tag for a company that generated around $15 billion in revenue in 2025 is… rich.

Important Update: Follow The Million Mission on Twitter/X

Big news: I just launched a Twitter/X account so you can follow along with The Million Mission in real time. If you want quicker insights, early reactions to breaking news, and a closer look at how I’m navigating the road to $1 million – this is where I’ll be.

Come hang out, ask questions, and follow the Mission as it happens @DavisPWilson.

Another Important Update: The Million Mission website is live!

I’ve gotten plenty of feedback regarding where to find previous alerts. Well, The Million Mission website is finally live and you can check out archived alerts here.

Portfolio Overview

Here’s what I’m currently holding in The Million Mission portfolio:

Fannie Mae (FNMA) – 2,500 shares @ $7.25/share

Uber Technologies (UBER) – 200 shares @ $80/share

Nvidia (NVDA) – 200 shares @ $179/share

Special Shoutouts

Thank you to those who emailed in kind words and thoughtful comments.

Thanks for being along for the Mission.

Please keep the emails coming.