Tesla Launches Robotaxi Service in Austin Without Safety Monitors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Unmonitored Robotaxi Service: Tesla has launched a robotaxi service in Austin, Texas, without safety monitors, marking a significant advancement in the application of autonomous driving technology, which is expected to enhance user experience and drive market demand.
- Market Expansion Strategy: The introduction of this service not only showcases Tesla's technological prowess in the autonomous driving sector but may also attract more consumers to choose electric taxis, thereby strengthening Tesla's position in the highly competitive electric vehicle market.
- Application of Technological Innovation: Operating robotaxis without safety monitors indicates Tesla's confidence in its autonomous driving system, potentially accelerating industry acceptance and application of driverless technology.
- Future Growth Potential: This initiative could provide Tesla with a new revenue stream while promoting the development of the entire autonomous taxi market, further solidifying its leadership position in the electric vehicle industry.
Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSLA is 401.93 USD with a low forecast of 25.28 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 431.440
Low
25.28
Averages
401.93
High
600.00
Current: 431.440
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
