Tesla’s robotaxi event on Thursday will test investors faith in Elon Musk’s vision
The robotaxi event on Thursday follows years of unfulfilled promises by Musk to deliver fully autonomous vehicles.After a decade of unfulfilled promises to deliver autonomous vehicles, capable of traveling reasonable distances safely without a human at the wheel, there's a hefty dose of skepticism about what Tesla can do technologically, and when its robotaxi might actually hit the market.The robotaxi day, or"We, Robot," event is scheduled to begin at 7:00 p.m.
Gene Munster of Deepwater Asset Management told CNBC's"Fast Money" on Wednesday, that he'll be at the event and expects to test the robotaxi. Tesla was once seen as a pioneer in autonomous vehicle development, but has never managed to deliver or demonstrate robotaxi technology. The company is now considered a laggard.Morgan Stanley analysts wrote in a report on Wednesday that if Tesla can launch a"level 4" robotaxi, meaning it can operate without a driver at the wheel, using its current"suite of hardware and software," it would result in a cost-per-mile advantage relative to peers.
Sam Abuelsamid, an analyst at Guidehouse Insights, said Musk or other Tesla executives should be able to say exactly how they plan for their vehicles to operate in different weather, such as fog, rain, snow, and lighting, or in dark tunnels.
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