Tesla (TSLA) Launches First Unsupervised Robotaxi Rides in Austin
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Robotaxi Debut: Tesla launched its first unsupervised robotaxi rides in Austin on Thursday, marking a significant breakthrough in autonomous driving technology, although this development came six months later than initially suggested, reflecting the company's cautious approach in a high-stakes environment.
- Positive Market Reaction: Tesla's shares rose 3.5% in Thursday afternoon trading, indicating investor optimism regarding the robotaxi service, while the stock is less than 1% away from breakeven for 2026, highlighting market focus on future profitability.
- Social Media Buzz: Videos of the robotaxis circulating on social media have generated widespread attention, enhancing public awareness and expectations of Tesla's autonomous driving technology, potentially laying the groundwork for future market promotion.
- Strategic Caution: Musk emphasized Tesla's extremely cautious stance in the full rollout of the robotaxi service, demonstrating the company's commitment to technology maturity and safety, aiming to mitigate potential legal and safety risks.
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.
