Tesla 10 Consecutive Gains! Do You Believe in Self Driving?
$Tesla Motors(TSLA)$ closed up 3.71%, marking its tenth consecutive trading day of gains.
Besides the Q2 delivery numbers exceeding expectations, recent factors driving Tesla's continued rise include the upcoming earnings report and the launch of robotaxis in August.
Tesla skyrocketed after Q2 delivery because it managed to reduce its rising inventory. The decline in inventory also leads the market to be bullish on earnings report on July 23.
Another very exciting piece of news is about autonomous driving.
On April 28, Tesla CEO Elon Musk made an unexpected visit to China and received a green light regarding automotive data security. This means Tesla's FSD will be able to launch in China.
Recently, $Baidu(BIDU)$ stock surged 8% after the news that 1,000 Apollo Go self-driving taxis in Wuhan city completed a total of 5 million orders. This makes the market view the launch of robotaxis in August as even more promising.
According to a McKinsey report, the robotaxi market is expected to exceed $2 trillion by 2030. IHS Markit predicts that by 2030, the total size of the ride-sharing market in China will reach $315 billion, with robotaxis accounting for 60% of the market share. If the robotaxi fleet expands to 10 million vehicles, the annual revenue could soar to nearly $12 billion.
Do you believe in smart driving?
Have you experienced smart driving?
Will Robotaxi bring more upside potential for Tesla?
Leave your comments and also post to win tiger coins!
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I am waiting for this moment when self driving is approved and the machine hardly fails. It is always the human that complicated things.
Will the US approve of Robo Taxi? Most people look in the wrong direction. You should look at China. The demands are real and it is a good start for TSLA there.
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I strongly believe there's a game charger in technology, especially robotaxi and self-driving. Technology has evolved all these years, just like sci-fi movies - Minority Report. Tesla is actively developing more advanced autonomous driving capabilities, such as Full Self-Driving (FSD), which aims to allow vehicles to navigate more complex environments and perform tasks without driver intervention. Thus, Tesla's Autopilot represents a significant step towards autonomous driving, blending cutting-edge technology with ongoing challenges in regulation, safety, and public acceptance.
I believe 3 keyspoint in Tesla - Driver Assistance mode, Continuously Improvement with R&D and lastly, Safety features driving.
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I'm a proponent of innovation and progress, and I fully support the development of robotaxi technology. I also believe that individuals should be able to own and monetize their robotaxi vehicles. However, personally, I'm not ready to hail a robotaxi for my daily commute just yet.
I have not experienced it yet because I am definitely waiting for others to try first[Sly].
Robotaxi will bring more upside for Tesla but only up to a point where the rest catch up just like how the rest have caught up with its EVs and do better or offer at a cheaper price. The competition will be stiff!
many countries and companies are already testing smart driving.
therefore, would believe this is the future mode of transport.
$Tesla Motors(TSLA)$ is an innovative company under the leadership of the charismatic one, so Tesla would most probably gain from robotaxi.
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Do you believe in smart driving?
Have you experienced smart driving?
Will Robotaxi bring more upside potential for Tesla?
Leave your comments and also post to win tiger coins!
With the above in mind, how am I to envision robotaxis if the above is such a huge concern worldwide? 😅😅
Tesla's Full Self-Driving (FSD) technology has received a green light for launch in China, which has further boosted market expectations for the robotaxi service.</p> <p></p><p></p><p>The robotaxi market is projected to exceed $2 trillion by 2030, with China's ride-sharing market predicted to reach $315 billion, with robotaxis accounting for 60% of the market share.
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[Thinking] wondering is it Elon is working on something with Uber behind.
Looking forwards for TSLA to surpass 300!!