Elon Musk is set to unveil the Tesla Robotaxi at an event held at Warner Bros Studios. However, experts like Garrett Nelson from CFRA indicate that Tesla might be several years away from achieving a fully autonomous driving capability, which could impact investor expectations regarding the timeline for profitability from this venture.
The unveiling of the Robotaxi is likely to generate initial excitement and interest in Tesla's autonomous vehicle technology. However, the indication that full autonomy may still be several years away could temper long-term investor optimism. Despite this, Tesla's ongoing projects and innovation in electric vehicles remain strong points for the company.
Gerber Kawasaki CEO Ross Gerber comments on Tesla’s ‘We, Robot’ event and the market reaction on ‘The Claman Countdown.’
Oct 11, 2024, 2:35 PM
A district court ruled that Sweden’s constitution prevented it from taking a side in a labor dispute between Tesla and local unions that has dragged on for 11 months.
Oct 11, 2024, 1:01 PM
Investors were left with more questions than answers, it seems, following Tesla’s “We, Robot” robotaxi event on Thursday night.