Will Tesla's Robotaxi Have Competition? Fund Manager Gary Black On Why It 'Seems Naive' To Say 'This Time Is Different'
Portfolio Pulse from Shanthi Rexaline
Fund manager Gary Black discusses the potential of Tesla's full self-driving (FSD) technology and the competition it may face from other automakers, including Baidu. He believes that fully autonomous vehicles are the future but doubts that Tesla will be the only player in the market. Baidu already has 500 robotaxis in service, with 50% capable of full autonomy. Tesla plans to unveil its robotaxi on August 8, with significant revenue expectations from this service.
May 20, 2024 | 9:04 am
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POSITIVE IMPACT
Baidu's existing fleet of 500 robotaxis, with 50% capable of full autonomy, is highlighted as a significant competitor to Tesla's FSD technology.
Baidu's established presence in the robotaxi market positions it as a strong competitor to Tesla, which could positively impact its stock as the market recognizes its capabilities.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Gary Black questions if Tesla will be the sole leader in autonomous vehicles, highlighting Baidu's existing robotaxi fleet. Tesla's robotaxi unveiling is set for August 8, with high revenue expectations.
The news highlights both the potential and the competition for Tesla's FSD technology. The upcoming robotaxi unveiling on August 8 could drive short-term interest and stock price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100