Since the beginning of this year, Tesla, one of the "Seven Magnificent in the U.S. stock market," has seen its share price plummet from the highest of US$265.13 at the beginning of the year, to the lowest of US$160.51 last Friday (April 5). This has also caused a stir in the market. Investors and well-known major banks have lowered their target prices for Tesla.
Recently, Tesla's delivery data has fallen short of expectations. Faced with the miserable stock price, can Musk turn around through self-driving taxis?
Musk launches driverless taxi!
Faced with the fierce competition in the global new energy vehicle market, Tesla's throne is beginning to shake, and Musk will naturally not "sit back and wait for death." No, the CEO who knows the most about rockets on earth said on the social platform X on April 6 that Tesla will release the long-promised driverless taxi Robotaxi on August 8.
FSD and autonomous driving have always been Tesla's theme song in the capital market and are also one of the important supporting factors for its stock price. When Tesla's stock price was relatively low, Musk suddenly "zoomed in". Is there any reason to boost the stock price?
In fact, Tesla's Robotaxi first started in 2016, when it appeared in Chapter 2 of the Master Plan. Musk once said that there will be more driverless vehicles than human-driven vehicles in the future. If Tesla cannot achieve it, For fully autonomous driving, he believes the value is “basically zero.”
In 2019, Musk publicly stated that the first phase of Robotaxi was a business model similar to online ride-hailing. Three years later, Musk reiterated that it was expected to be mass-produced in 2024 and adopt a design without steering wheels and pedals. Now, this mysterious driverless taxi will finally meet everyone in August.
Judging from the current situation, the news of Robotaxi seems more like a "reassurance shot" injected by Musk into Tesla investors, and it also seems to have become a "panacea" for Musk to reverse the current decline, but whether it can be specific Let’s wait and see whether the market will pay for it or not.
What do you think of Tesla lately? Do you think Musk and Tesla can turn around with driverless taxis?
I think with the launch of Robotaxis, Tesla will easily breakthrough the price of 200, and towards 300 this year! How do you think.
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Would anyone be surprised if TSLA go bankrupt in the next few years?
The problem is how long you want to hold TSLA