Summary
- Highly anticipated Tesla Robotaxi unveiling event is just about 24 hours away
- Analysts like Dan Ives of Wedbush provide final thoughts on valuation implications
- AI, FSD, and Robotaxi could represent a $1 trillion standalone valuation for Tesla
- Tesla could be valued at well over $1 trillion with developments in AI, FSD, and Robotaxi
- CEO Elon Musk expected to address near-term pain points in company’s second transformation
Article
The anticipation surrounding Tesla’s Robotaxi unveiling event is at an all-time high, with analysts sharing their final thoughts before the event. Wedbush analyst Dan Ives believes that the event could be game-changing and mark a new chapter in Tesla’s history. He predicts that the development of artificial intelligence, Full Self-Driving, and the Robotaxi platform could represent a $1 trillion standalone valuation for Tesla. With a strong energy business and an established electric vehicle business, Tesla’s valuation could exceed $1 trillion in the near future.
Despite the excitement surrounding the potential of the Robotaxi and AI development, there are still some near-term pain points that Tesla and CEO Elon Musk need to address. While the company has acknowledged that the growth rate may be lower due to these developments, investors are still looking for reassurance. It is expected that Musk will address these concerns during the event and provide a vision for Tesla’s second transformation since the Model 3/Y production overhaul. The potential introduction of new vehicles like a $25,000 EV or a Robovan could further increase demand and bring in new customers.
Wedbush has reiterated its ‘Outperform’ rating and $300 price target for Tesla, reflecting their optimistic outlook on the company’s future. The event could also shed light on the timeline for the commercial introduction of the Robotaxi, with some analysts predicting it could happen as late as 2025 or 2026. However, the development of this technology and the potential for new vehicles could help Tesla reach over 2 million units delivered annually. It is clear that the unveiling of the self-driving platform will have a significant impact on Tesla’s stock price and company valuation.
Overall, the Tesla Robotaxi event is expected to be a pivotal moment for the company, with the potential to revolutionize the transportation industry. The development of AI, FSD, and the Robotaxi platform could represent a $1 trillion standalone valuation for Tesla. While there are some near-term challenges that need to be addressed, the introduction of new vehicles and technologies could help drive demand and bring Tesla to new heights. Investors and analysts are eagerly waiting to see what unfolds at the event and how it will impact Tesla’s future trajectory.
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