Close Menu
I Really Like This Car
  • Automobile
  • Automotive
  • Design
  • Self Driving
  • Luxury
  • Supercar
  • EV
  • Motorcycle
  • Exclusives

Subscribe to Updates

Get the latest creative Articles from I Really Like this Car about Automotives & Supercars.

What's Hot

2025 Frontline MGA review: Quick drive

May 31, 2025

Perodua QV-E name and logo trademarked in Malaysia – name revealed for brand new EV launching this yr?

May 31, 2025

Video: Full Review of the 2025 Corvette ZR1 Pins 1,000-HP Competitors : Automotive Addicts

May 31, 2025
Facebook X (Twitter) Instagram
I Really Like This Car
HOME Login
  • Automobile

    2025 Frontline MGA review: Quick drive

    May 31, 2025

    Perodua QV-E name and logo trademarked in Malaysia – name revealed for brand new EV launching this yr?

    May 31, 2025

    In Rare Bit Of Good News, BMW M5 Station Wagon One way or the other Outselling The Sedan In The U.S.

    May 30, 2025

    2026 BMW i4 gets hotter M60 flagship, longer driving range

    May 30, 2025

    Geely Galaxy E5/Proton eMas 7 battery withstands tank crush test, exceeding China testing standards

    May 29, 2025
  • Automotive

    Video: Full Review of the 2025 Corvette ZR1 Pins 1,000-HP Competitors : Automotive Addicts

    May 31, 2025

    Lloyd Motor Group acquires Telford Škoda in strategic expansion

    May 30, 2025

    The Road to Fleet Optimization: Navigating the Electrification Journey with WEX and Sawatch – Webinar

    May 30, 2025

    2025 Jeep Wrangler Unlimited Willys ‘41 Edition 4xe Review & Test Drive : Automotive Addicts

    May 29, 2025

    Dealers fear recruitment crisis as Treasury targets worker automobile profit scheme

    May 29, 2025
  • Design

    Designing body kits and accessories

    April 11, 2025

    Designing for a startup automotive company

    February 18, 2025

    Our recent drive luggage website driveluggage.com shall be up and running in April.

    January 15, 2025

    Enhance your drive experience with bespoke automotive luggage |

    December 18, 2024

    Designing for an iconic marque

    December 11, 2024
  • Self Driving
  • Luxury
  • Supercar
  • EV
  • Motorcycle
  • Exclusives
I Really Like This Car
Home»Automotive»Tesla robotaxis: Wall Street weighs in on Elon Musk’s latest claim
Automotive

Tesla robotaxis: Wall Street weighs in on Elon Musk’s latest claim

Yahoo FinanceBy Yahoo FinanceApril 9, 2024No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
Tesla Robotaxis: Wall Street Weighs In On Elon Musk’s Latest
Share
Facebook Twitter LinkedIn Pinterest Email

 

Tesla (TSLA) stock closed up nearly 5% on Monday as investors bought into CEO Elon Musk’s latest proclamation that Tesla would debut its long-awaited robotaxi on Aug. 8.

Musk’s announcement of Tesla’s Robotaxi after the bell on Friday followed a Reuters report that Tesla had canceled plans to construct a long-awaited sub-$30,000 EV, which some have called the Model 2. Reuters said that Tesla would as an alternative deal with a self-driving robotaxi, with Musk responding on X that Reuters was “lying (again),” before returning to the platform later to announce the revealing of the robotaxi, generally understood to haven’t any steering wheel or pedals. It’s still an open query whether Tesla will eventually unveil a low-cost EV.

Despite Monday’s pop in shares, Wall Street analysts are mixed on the announcement.

Deutsche Bank’s Emmanuel Rosner said the robotaxi news was “thesis-changing” on Tesla.

“If the shift away from Model 2 is once more confirmed, the Tesla bull case would then presumably be that in light of solid improvement in its autonomous tech, Tesla has decided to press its unique AI and software advantage through a deal with robotaxi, which few OEMs [original equipment makers] could imitate and that might command more favorable economics,” Rosner said on the bull side of the thesis.

The bear side, nonetheless, is that Tesla has given up a “key reason” why many own the stock: the Model 2 as a volume play that might “reaccelerate volume, margins, and FCF [free cash flow],” Rosner said. It might also mean the bull thesis is predicated on Tesla cracking the code on self-driving, which is able to require navigating quite a lot of regulatory hurdles and acquiring enough data to coach the software.

Rosner has a Buy rating on the stock and a $189 price goal.

On the flip side, noted Tesla bull Tasha Keeney at ARK Invest believes the long-term potential of Tesla is essentially tied up with self-driving and autonomy.

“They’ve an unparalleled data advantage in comparison with every other company that is solving for full autonomy,” Keeney said in an interview with Yahoo Finance Live. As with AI, Keeney said data is the important thing to training models and attending to a working model of self-driving. She said Tesla’s full-self driving (FSD) beta is sort of there, noting that Tesla is accumulating 2.5 million miles of self-driving data from customers daily. Competitors like Waymo have only logged somewhat over 10 million miles for the reason that starting of the project, Keeney said.

“We predict that is going to drive the longer term value of Tesla. Once we look out five years, we expect it’ll be two-thirds of the enterprise value in five years. So we’re super enthusiastic about it,” Keeney said.

ARK Invest founder Cathie Wood recently reiterated the firm’s $2,000 price goal on Tesla, forecasting $10 trillion in revenue from robotaxi efforts.

On the opposite side of the spectrum is Craig Irwin at Roth Capital, who’s rather more skeptical on the robotaxi. He believes today’s move within the stock is technical in nature and never rooted in fundamentals. Irwin has a Neutral rating on the stock and an $85 price goal.

“Skilled investors follow momentum. They measure retail momentum very rigorously, and the dimensions of the uplift on this announcement might be measured by all my clients across Wall Street,” Irwin said. After the initial digestion of the news, Irwin believes Tesla’s autonomous play remains to be far off.

“[Autonomous driving] will devour as much electricity because the drivetrain [in current EVs]. Technically it’s conceivable, it’s feasible, but not on the [Tesla] vehicles which have been sold, and never within the format that anyone’s near today,” Irwin said.

Irwin suspects Tesla’s vehicles will need more enhanced sensors, cameras, and other equipment to actually achieve full autonomy, and the fascination of the “Cyber Taxi,” as Irwin called it, is masking the larger fundamental problems at the corporate, similar to lack of demand and robust competition.

“I believe the stock can get cut in half; I believe there’s more price cuts to return. I believe that there is more margin compression, and it is a diversion away from the indisputable fact that the corporate is now shrinking,” Irwin concluded.

Pras Subramanian is a reporter for Yahoo Finance. You’ll be able to follow him on Twitter and on Instagram.

Click here for the most recent stock market news and in-depth evaluation, including events that move stocks

Read the most recent financial and business news from Yahoo Finance


This Article First Appeared At www.autoblog.com

Claim Elon Latest Musks robotaxis Street Tesla Wall weighs
Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleIAMS 2024: Dutch Automotive Culture On Show
Next Article 2025 Audi S3 gains recent look, performance boost
Yahoo Finance

Related Posts

Video: Full Review of the 2025 Corvette ZR1 Pins 1,000-HP Competitors : Automotive Addicts

May 31, 2025

Lloyd Motor Group acquires Telford Škoda in strategic expansion

May 30, 2025

The Road to Fleet Optimization: Navigating the Electrification Journey with WEX and Sawatch – Webinar

May 30, 2025

2025 Jeep Wrangler Unlimited Willys ‘41 Edition 4xe Review & Test Drive : Automotive Addicts

May 29, 2025
Leave A Reply Cancel Reply

Demo
Interesting Picks

Long-term review: Škoda gives the Octavia a trendy update

December 27, 2024

Ineos Grenadier and Quartermaster production to resume in January

November 23, 2024

These are the ten longest-lasting vehicles on the road today

August 17, 2024

Incentives and latest automobile discounts: Carmakers working harder to shore up UK market share

November 13, 2023
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Automobile

2025 Frontline MGA review: Quick drive

By Angus MacKenzieMay 31, 20250

Australia and the MGA go way back. From 1957 to mid-1962 greater than 2000 MGAs…

Perodua QV-E name and logo trademarked in Malaysia – name revealed for brand new EV launching this yr?

May 31, 2025

Video: Full Review of the 2025 Corvette ZR1 Pins 1,000-HP Competitors : Automotive Addicts

May 31, 2025

In Rare Bit Of Good News, BMW M5 Station Wagon One way or the other Outselling The Sedan In The U.S.

May 30, 2025
About Us
About Us

At ireallylikethiscar.com, we are passionate about all things automotive. Whether you're a fan of supercars, electric vehicles, or simply have a deep appreciation for the beauty and engineering of automobiles, you've come to the right place.

Interesting Articles

Ferrari’s first EV debuting Oct. 9

February 4, 2025

The Automotive Addicts Guide to Shipping a Automotive to One other State : Automotive Addicts

September 11, 2023

In This California Town, Homes Have Hangars And Cars Share Roads With Planes

October 2, 2024
New Comments
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditions
    • Disclaimer
    © 2025 I really Like This Car. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.

    We are using cookies to give you the best experience on our website.

    You can find out more about which cookies we are using or switch them off in .

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?
    I Really Like This Car
    Powered by  GDPR Cookie Compliance
    Privacy Overview

    This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

    Strictly Necessary Cookies

    Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

    If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.