Elon Musk’s Tesla is preparing to unveil its highly anticipated robotaxi, the “Cybercab,” at an upcoming event. However, many Wall Street analysts are expressing skepticism about Tesla’s ability to deliver on its promises.
One major concern is that Tesla may still be years away from operating a fully autonomous taxi service. Analysts argue that the company faces significant technological and regulatory hurdles before it can compete with established players like Waymo. Tesla’s current Full Self-Driving mode is still classified as a driver assistance system, requiring human intervention.
Investors are also doubtful about Tesla’s ability to introduce an affordable $25,000 EV in the near future. While the company has been promising this vehicle for some time, analysts believe it is unlikely to materialize soon.
Despite the skepticism, some analysts remain bullish on Tesla’s prospects. They believe that the company’s robotaxi initiative and advancements in AI technology could be significant catalysts for growth. However, many investors expect the upcoming event to be light on details and may be disappointed if Tesla fails to deliver concrete progress on its robotaxi and affordable EV plans.
Reference- Tech Crunch, Wall Street Journal, CNBC, Business Insider, Tesla website