Analyst Ming-Chi Kuo Posts On X "1. Some market participants are optimistic about Tesla's robotaxi event on October 10. However, my latest supply chain survey indicates that Tesla's robotaxi (aka Cybercab) may enter mass production in 1Q27. Because mass production is still some time away, expectations for a significant rally in $TSLA following the event may be overly optimistic..."
Portfolio Pulse from Benzinga Newsdesk
Analyst Ming-Chi Kuo suggests that Tesla's upcoming robotaxi event may not lead to a significant short-term rally in TSLA stock, as mass production is expected in 1Q27. The focus is on Tesla's FSD technology meeting government requirements for Level 4 autonomy.
October 09, 2024 | 1:48 pm
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Analyst Ming-Chi Kuo indicates that Tesla's robotaxi event may not lead to a significant short-term rally in TSLA stock, as mass production is expected in 1Q27. The focus is on Tesla's FSD technology meeting government requirements for Level 4 autonomy.
The analyst's insights suggest that while the robotaxi event is significant, the long timeline to mass production and regulatory hurdles for FSD technology may limit immediate stock price impact. This tempers expectations for a short-term rally in TSLA.
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