Robo taxi could end up being a sell the news event.
If the recent rally is really due to robo taxi optimism, it's actually A scary reason to buy in at current prices.
Robotaxi has already been scheduled a while back and kept on pushing back. This rally could just end up being a relief rally instead of a rally with legs.
Investors/traders are relieved that finally there's more concrete news on robotaxi.
However, the bar for disappointment is very high. If the event is merely to say that robotaxi is ready, but no concrete details on when will authorities allow it, it's just saying that tesla now has FSD, but government doesn't allow the usage of FSD. Hands still needs to be behind the wheel.
In robo taxi context is more of the trial is now successful, but when will the roll out and monetising starts, that is the most important.
Tesla has been losing their lead in terms of EV market share and profit margin has been reducing, they will need some other ways to boost up their profit margin.
The bar is set high, the greater the anticipation, the greater the disappointment.
Elon musk is known to manipulate markets, expect volatility before and after the event.
Will monitor the volatility and see if can capture volatility premiums by selling calls on tesla.
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