After a three-month delay, $Tesla Motors(TSLA)$ 's highly anticipated Robotaxi unveiling is just two weeks away. This is a high-stakes game that no one can afford to lose.
Autonomous taxis are the backbone of Tesla's driverless plan, so October 10th might just shape the future of Musk's EV empire. Now, let's dive into why this day is so crucial for Tesla.
What's happening on October 10th?
Loads of car manufacturers are keen on developing autonomous vehicles. Tesla's been working on its Full Self-Driving (FSD) platform for years, and on October 10th, the world might finally see how this technology will steer the company's future. They've dubbed this event "We, Robot."
Why is the Robotaxi unveiling such a big deal for Tesla?
Well, it was originally set for August, but the three-month delay has hyped up expectations even more.
But more importantly, this unveiling marks a pivotal point in Tesla's history, where investors might get a detailed glimpse into the company's AI progress for the first time.
Think of autonomous cars as giant computers controlled by AI and robotics. FSD and Robotaxis are seen as major growth accelerators that could reignite consumer interest in Tesla EVs and propel the company into disrupting new markets like ride-sharing, car rentals, and delivery services.
But if this event falls flat or has any hiccups, trust me, the bears will pounce, questioning Tesla's capital spending and R&D investments without mercy.
Should you buy Tesla shares in advance?
Let's flashback to 2019. When Tesla unveiled the Cybertruck, something unexpected happened. Franz von Holzhausen, the chief designer, threw a ball at the truck's "armor glass" window, and it shattered. Awkward, right? But was that the end? Heck no!
Although the initial setback tarnished Cybertruck's reputation a bit and delayed its launch, the wait seemed worthwhile. Despite being a newcomer, Cybertruck's sales have surpassed electric pickups from Ford, Rivian, and others. So, even if the Robotaxi unveiling hits a snag, it won't spell doom for Tesla.
But here's the thing—this might be different.
Despite the buzz, Tesla's future doesn't hinge on the Cybertruck. Even if this SUV never saw the light of day, Tesla would still be a manufacturer of top-notch EVs. On the other hand, Musk himself has described Tesla as a robotics company. If Robotaxis don't scale, the narrative around Tesla's long-term growth will have more cracks.
And here's another crucial detail. Tesla's stock surged 22% in September (as of September 25th's close), fueled by momentum traders who wanted to ride the wave before the Robotaxi unveiling.
So, regardless of the outcome, even if it meets expectations, we might see a "sell the news" dip.
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