Summary
- The "We, Robot" event by Tesla is scheduled for Thursday aiming to boost investor confidence.
- The event is expected to focus on product announcements including a Robotaxi, Model 2 EV, and a potential Cybervan.
- The Robotaxi is anticipated to be driverless with autonomous capabilities showcased during the event.
- The Model 2 EV is expected to be priced at $25,000 and will not require full self-driving to operate.
- A surprise announcement of a fully autonomous passenger van, likely a Robotaxi XL for 8-10 people, is anticipated to be revealed at the event.
Article
Tesla, Inc.’s “We, Robot” event is eagerly anticipated by investors, with hopes that it will provide a boost to the stock. Gene Munster from Deepwater Asset Management previewed the event, noting that the name “We, Robot” may be inspired by Isaac Asimov’s “I Robot” collection. Expectations are high for announcements regarding Optimus and an expanded family of robots.
Munster believes that any new products unveiled at the event are unlikely to be available for at least five years, possibly even a decade. The focus for investors will be on what Tesla has planned for the next two years, particularly the Model 2 and Robotaxi. Munster also expects to hear about three different vehicles at the event – a robotaxi, Model 2 electric vehicle, and a Cybervan.
The Robotaxi is expected to be revealed as a physical prototype with a futuristic design similar to the Cybertruck, featuring no steering wheel, pedals, or mirrors. The Model 2 EV, priced at $25,000, will have some similarities to the Robotaxi but will include traditional controls. Munster also speculates that Elon Musk may surprise with plans for a fully autonomous passenger van, known as the Robotaxi XL, designed for urban transportation.
The launch of these new vehicles is crucial for Tesla, as its core car sales have not recovered as strongly as hoped. Analysts are looking to the potential success of the robotaxi business and other related ventures to drive up the company’s stock. Cathie Wood of Ark Invest pointed out the high gross margins associated with Tesla’s autonomous driving system, compared to those on the electric vehicle side, leading to increased expectations from analysts.
Tesla’s stock closed up almost 4% following the event preview. The company’s continued innovation in the mobility sector is a key focus for investors, with hopes that new products such as the Model 2 and Robotaxi will provide a significant boost to the company’s financial performance. The event is seen as a pivotal moment for Tesla as it looks to expand beyond its current core business and establish itself as a leader in the future of transportation.
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