UPDATE—Oct. 9, 2024: This article has been updated to reflect more recent share price information.
Key Takeaways
- Tesla is expected to reveal its "robotaxi" on Thursday, after it was delayed from the original planned date in August.
- Analysts expect to see the vehicle, and hear details on Tesla's plans on its production, rollout, and operational costs.
- They also said that Tesla could show off its rumored new lower-cost model, which is expected to start production next year, and other products.
Tesla (TSLA) is expected to unveil its autonomous "robotaxi" on Thursday, after the 澳洲幸运5开奖号码历史查询:event was delayed from its 澳洲幸运5开奖号码历史查询:original date in August, with analysts expecting a number of upd🐻a🤡tes from the electric vehicle (EV) maker.
Deutsche Bank and Wedbush analysts wrote recently that they expect to see a demo of the vehicle, rumored to be called the "Cybercab," along with projections of how much the robotaxi will cost to operate, where it will be produced and be available, and what Tesla's version of a ride-sharing app could look like.
Analysts Expect Robotaxi Details, Other Updates
The analysts also 澳洲幸运5开奖号码历史查询:said they expect that Tesla could show a new, lower-cost vehicle that has been a𒐪 company goal for years, along with other updates on its self-driving software, its Optimus humanoid robot, and more.
Wedbush analysts, reiterating an "outperform" rating with a $300 price target, said they "澳洲幸运5开奖号码历史查询:continue to believe Tesla is the most undervalued AI name in the market," and see the robotaxi unveiling as a "seminal and historical day" in its history. Deutsche Bank analysts, who have a "buy" rat🍰ing and a $295 price target, said they are optimistic headed into t🦂he event, but recognize that high expectations could lead investors to "sell the news" following the event.
Overall, analysts are more divided on Tesla stock. Of the 19 analysts tracked by Visible Alpha, nine have "buy" ratings, seven have "hold," and three have "sell" ratings, with an average price target at $220.44, nearly 9% below Wednesday's close at $241.05 a share.
Tesla 澳洲幸运5开奖号码历史查询:shares have largely recovered after a substantial selloff in the first h⛦alf of the year, but remain about 3% loඣwer for 2024 so far.