WSB Reactions to Tesla Robo Taxis

Posted: Apr 12, 2024

- Elon Musk announced a Robotaxi reveal on August 8th, causing Tesla's stock to go up 5% - Reuters reported that Tesla canceled the sub-$30,000 "Model 2" to focus on the robotaxi - Musk called Reuters "lying" despite the source being from within the company - Bull viewpoint: Focus on robotaxi could improve Tesla's market position and show value in autonomous technology - Bear viewpoint: Canceling Model 2 may hurt Tesla's volume and data collection for autonomous technology





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