Elon Musk Says Tesla's Robotaxi 'Will Look Like The Future' — Remains Mum On $25K Model 2
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk has stated that the company's robotaxi vehicles will look 'like the future', but did not provide further details. This comes amid rumors that the $25,000 Tesla car, nicknamed Model 2, and the robotaxi will have a Cybertruck-inspired design. Musk has been pushing back plans for the $25,000 electric vehicle in favor of the robotaxi, which he envisions as a fully autonomous vehicle. However, his aides have reportedly convinced him of the need for a cheaper EV and that Tesla could build both the Model 2 and the robotaxi on the same assembly lines.
September 09, 2023 | 8:30 am
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NEUTRAL IMPACT
Elon Musk's comments about the future design of Tesla's robotaxi and the potential delay of the $25,000 Model 2 could impact investor sentiment and Tesla's stock price. The focus on the robotaxi could be seen as a positive sign of innovation, but the delay of the cheaper Model 2 could be viewed negatively by those hoping for a more affordable Tesla vehicle.
Elon Musk's comments about Tesla's future product plans can significantly influence investor sentiment and the company's stock price. His focus on the robotaxi could be seen as a sign of Tesla's commitment to innovation and future growth, which could positively impact the stock. However, the potential delay of the cheaper Model 2 could be viewed negatively by investors who were hoping for a more affordable Tesla vehicle to boost the company's market share and revenues.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100