Tesla’s NYC Robotaxi Launch: The Catalyst TSLA Bulls Have Been Waiting For?
Elon Musk's autonomous gamble hits the Big Apple—can a fleet of driverless cabs juice Tesla's stagnant stock?
Wall Street's patience wears thin as TSLA languishes 40% below ATH. The Robotaxi rollout isn't just about tech—it's Musk's Hail Mary to revive investor faith.
NYC's brutal traffic becomes the ultimate stress test. No safety drivers. No margin for error. Just billions in market cap hanging on every yellow light.
Analysts whisper about 'make-or-break' scenarios while shorts circle like sharks. One thing's certain: if this fails, the 'growth story' narrative gets towed away faster than a double-parked Cybertruck.
Musk and Tesla’s Robotaxi in Focus
Elon Musk has been keenly training his Robotaxi cars to work in sync with the AI instructions and autopilot mode. His vision to spearhead the Robotaxi decision also represents a strong use case for the future, where AI is set to dominate the majority of work and mundane chores. In addition to this, Ark Invest’s Cathie Wood had also shared similar views about Tesla, adding how the firm is primed for a $10B valuation. “We believe that the entire ecosystem associated with autonomous taxi networks is going to be worth $8-10 trillion in terms of revenue generation in the next 5-10 years,” she said last week. “To put that in context, the entire GDP of the world today is $113 trillion. So $10 trillion is going to MOVE the needle.”
Stock analysts are split on Tesla’s valuation; targets range from $276 to $410. The highest stock price target sits at $410 from Morgan Stanley. On the other hand, the lowest forecast comes in at $276 from KGI Securities. The current market price for Tesla (TSLA) stock is $340.84. However, most projections are that Tesla will continue to outperform expectations for the remainder of August.
Meanwhile, Elon Musk’s legal threats against Apple and the ongoing shareholder lawsuit could detract from Tesla’s focus, raising concerns about the company’s strategic direction. This has played a part in Tesla stock’s success before, with Musk’s venture into politics sending TSLA falling in share price earlier this year.
