Tesla robotaxi spotted running solo in Austin
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Tesla Shares Fall
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Tesla has reported yet another crash involving its Robotaxi fleet in Austin to the NHTSA. The new data keeps the program’s accident rate alarmingly high compared to human drivers, even as the company prepares to remove human safety supervisors from the vehicles.
Musk often brags about how his products are either changing the world now, or will do so in the future. One of his favorite recent topics is Tesla Robotaxi. Tesla has teased its Robotaxi program since Musk first mentioned it in 2016. As recently as last year, Musk claimed there would be 1 million of them on the road by 2025.
Tesla, Inc. faces a Strong Sell rating as competition rises, margins shrink, and its valuation outpaces growth. Click here to read why TSLA is a Strong Sell.
Tesla tests fully driverless robotaxis in Austin, a key autonomy milestone, but EV slowdown, valuation risks and fierce competition cloud the stock's outlook.
While Tesla stock hits records on robotaxi hype, Jed Dorsheimer of William Blair says the core EV market is only worth a fraction of the current $480 per share price tag.
Fund manager and prominent tech analyst Gene Munster said Alphabet Inc.'s (NASDAQ: GOOG) Waymo is firmly in the lead against rival Tesla Inc. (NASDAQ: TSLA) in the U.S. robotaxi market, while noting that the race was still in its early stages,
Tesla stock closed at a fresh record high on Tuesday, completing a monthslong rebound from severe losses earlier in the year.
Shares of the electric vehicle company aspiring to be an AI and robotics powerhouse rose to their highest level all year, matching prices not seen since last December, after CEO Elon Musk confirmed that Robotaxi testing is underway without a safety driver in the front passenger seat of vehicles.
Ford Motor Company, Morgan Stanley, Magna International Inc, Tesla Inc. Read 's Market Analysis on Investing.com ZA.