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Ant Stanley
@iamstan.elmo.sh
patiently waiting for BlueSky to be busy during 09:00 and 13:00 GMT 197.64.0.0/11
415 followers737 following540 posts
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"Tesla will likely need to add steering wheels and pedals to scale its robotaxi production by 2026" is brutal

GPpeark.es

Sell side reaction to TSLA’s Robotaxi event last night: underwhelmed.

• Barclays analyst Dan Levy (equal weight, PT $220) • Tesla's Cybercab demo was similar to prior sketches, but "the event was light on the details" • "Consumers able to buy Cybercab, but Tesla also likely planning to operate fleet," Levy said • The near-term stock reaction is likely to be sell the news, "as the focus now shifts back to fundamentals - which has been neutral at best" • Baird analyst Ben Kallo (outperform, $280) • The company did not unveil a lower-cost vehicle which can be manufactured on existing factory lines. • Investor attention will now shift to auto margins in the near term as the company reports 3Q results on Wednesday
• Bloomberg Intelligence analyst Steve Man • "Tesla will likely need to add steering wheels and pedals to scale its robotaxi production by 2026" • However, the robotaxi announcement provides a better visibility of the company's capabilities in affordable cars and autonomy • Click here for the note • Citi analyst Ronald Josey • Tesla's event clarified the company's vision and timeline for its robotaxi - leading us to be "incrementally positive on Uber shares as a result" • "Importantly, details regarding distribution or a potential ride-hailing app for the Cybercab were limited, which leads us to believe it's still possible that Tesla could partner with Uber for distribution in the future"
• Jefferies analyst John Colantuoni Tesla's event is a best-case outcome for Uber as the automaker did not provide verifiable evidence of progress in its self driving technology and it also did not outline the number of robotaxis planned • Morgan Stanley analyst Brian Nowak • Tesla's $0.20 cost per mile estimate is in line with expectations, confirming its cost advantage • "This speaks to TSLA's current theoretical cost advantage over Uber's current cars and Waymo"
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Ant Stanley
@iamstan.elmo.sh
patiently waiting for BlueSky to be busy during 09:00 and 13:00 GMT 197.64.0.0/11
415 followers737 following540 posts
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