Tesla investors express skepticism as Elon Musk promises robotaxis in Austin in June
Published On Jan 31, 2025, 6:00 AM
Tesla's CEO Elon Musk has promised that self-driving robotaxis will be operational in Austin by June, which has raised skepticism among investors due to his historically optimistic predictions that often fall short. Investors are questioning Tesla's capacity to deliver on this promise, especially after disappointing earnings and regulatory challenges for autonomous vehicles. Analyst sentiment indicates a cautious approach, with expectations that Tesla may not meet these timelines based on past experiences. Investors are more focused on immediate challenges and the push for a sub-$30,000 vehicle than on Musk's future predictions.
Stock Forecasts
TSLA
Negative
Despite Musk's optimistic claims regarding robotaxis, the skepticism from investors, combined with Tesla's recent underperformance and regulatory hurdles, may lead to continued volatility in its stock price.
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