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There's definite nervousness in terms of tariffs and what that's going to mean. But I actually believe it's really about demand. I mean, demand is more robust when it comes to chips, a revolution in media than it was four months ago. Wedbush model out of 5% China GDP is President Xi talked about do does that diffuse across the Pacific Rim.
Look, I think ultimately a stronger China, more stimulus is more bullish for Apple. It's more bullish for Tesla in terms of everything we see in China as just how important those markets are. Well, Apple or Tesla, first, you make the call. I'll go Tesla. Tesla, Salesforce, 76% in June. It must electioneering.
That's the Bloomberg headline. We've seen that in other markets as well as an analyst who's followed this companies from day one in your model out demand. How frustrating is it for you to see some of these sales numbers and you're like, we really don't need to see those kinds of sales numbers. What's it doing?
Well. Well, first off, I mean, 70% of it is actually really more refreshes inventory year over year. Cut to the numbers. Sounds scary, white knuckle. But the reality is you have about 10 to 15% of what's going on is what I call Musk brand deterioration, huge ROI. But no doubt, look, for we just continue to view it as the bet for the ages for Musk is on Trump deregulatory, autonomous.
That continues to be that's the goal that's I think worth the trillion dollars. Have we gotten the market away from making cars? It's so is it about A.I.? Is it about autonomous? Is it about robot? Has he been successful in shifting the focus away from making cars? Look, I think 90% of the value of Tesla going forward is Optimus Autonomous rather than actual vehicle.
Really? Wow. Is there evidence that's a revenue and profit reality for them, or is that technology and innovation? It's a great first talk. Look FSD today 15% and Tesla's in terms owners have full self-driving that gets to 50% numbers. Is there evidence yet. I, I believe I got people Dan Ives in New York canceling Ubers that are Teslas.
They don't want to drive an Elon Musk's car. There's people putting black on the label. Germany is Paul mentions is Europe, rather it's fallen off a cliff. Do you see a management away from a distracted musk going, Let's fix this, or does it fester? I think as as while in the near term, I think it's contained.
In other words, we're talking call it low single digit as a contained issue. Look, is it a risk, especially given what we're seeing in terms of some of the worries in Europe and especially in the U.S.? But it all comes down to they are going to own the autonomous race in the U.S. and I believe ultimately globally.
And for Musk, when you view even some of the brand worries in the deteriorations, I view rumors as near-term noise relative to the longer term sort of value in the story. How about just in terms of time spent? Part of the bullish case for over the years was it's a bet on Elon Musk and that is a great bet to make.
I don't know what the number is, but it feels like it's 50, 60, 70, 80% of his time in effort to Washington. So does that in and of itself take away from. Well, that perception is reality, right? So I think that is also playing into what's happened in the stock, because the view is that he's not dialed the intensity, just focus in D.C.
But I do believe that that's not true. I do believe, okay, I got 400 back to to 73. I got a trading range of Covid that's banded between 203 hundred to be polite. Do you have a does this or a Dennis Price where you pull the cord? I think I mean this thing at these levels in the mid 200 right. I believe it is generational in times of this type of sell off where I ultimately see Tesla over the coming year, I think Tesla is going to be a $2 trillion market.
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