"Hard to justify Tesla's valuation without robotaxis," says Guggenheim's Ronald Jewsikow
• $TSLA stock dropped about 8.5% due to a delay in the expected robotaxi event, ending an 11-day winning streak.
• Elon Musk's past statements about Tesla's self-driving capabilities have sometimes missed market expectations, impacting stock performance.
• Investors are skeptical about Tesla's ability to launch robotaxi technology without enough testing data to satisfy regulators.
• Even with recent stock gains, there are worries about Tesla's focus on short-term market trends instead of long-term fundamentals like Q2 earnings quality.
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