Tesla To Delay Robotaxi Event By 2 Months, Stock Slides
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 11 2024
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Source: Benzinga
- Tesla Delays Robotaxi Unveiling: Tesla plans to delay its robotaxi unveiling from August to October, allowing more time for developing additional vehicle prototypes. The delay has not been publicly disclosed and was communicated internally.
- China's Robotaxi Initiative: China's initiative to develop robotaxis is gaining consumer acceptance, raising concerns among taxi drivers about potential job losses due to increased competition. Companies like Baidu have seen share surges driven by growing interest in their robotaxi services.
Analyst Views on TSLT
Wall Street analysts forecast TSLT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSLT is USD with a low forecast of USD and a high forecast of 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.
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Current: 24.190
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Current: 24.190
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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.
