- Tesla faces growing investor focus on its autonomous driving and Robotaxi plans.
- Dan Ives of Wedbush Securities highlighted questions about how many cities a Robotaxi network will cover.
- Analysts expect fourth-quarter revenue of $24.752 billion and EPS of $0.45, per Fiscal AI data.
- Elon Musk said Tesla has begun offering robotaxi trips in Austin without a safety driver, via the social platform X.
- Market reaction was muted, with shares trading slightly lower in premarket and a 13% gain over the past 12 months.
According to CNBC, Dan Ives, managing director at Wedbush Securities, said investors are shifting their attention from near-term deliveries to Tesla’s long-term autonomous and robotics roadmap ahead of the company’s fourth-quarter earnings. Analysts expect Q4 revenue of $24.752 billion and earnings per share of $0.45, based on Fiscal AI data, and Tesla is set to report results on Wednesday.
Ives flagged one major question: how many cities will be part of a future Robotaxi network. He said the industry will focus on the scale and timing of city rollouts. “This is the time for the autonomous robotics future for Musk. I think everyone is gonna be focused on the wayout in terms of how many cities Robotaxis plan to be in,” he said.
Last week, Elon Musk tweeted that Tesla has started offering Robotaxi trips to the public in Austin with no safety driver in the front seat, calling it a milestone for the company’s push toward fully self-driving vehicles. The post appeared on the social media platform X.
Tesla has been shifting resources toward Artificial Intelligence and robotics, aiming to advance its Full Self-Driving system and support a future Robotaxi service. Shares traded modestly lower in Monday premarket, and the stock has gained about 13% over the past 12 months.
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