Tesla (TSLA) may have some competition in the robotaxi space as Croatian automaker Rimac Automobili is set to launch its new robotaxi service, Verne, in 2026. Yahoo Finance Pras Subramanian joins Catalysts to discuss Rimac’s announcement and what it means for the auto sector moving forward. For more expert insight and the latest market action, […]
Tag: robotaxi
Will Tesla Stock (NASDAQ:TSLA) Tread Water Until the Robotaxi Unveiling?
I’m bearish on Tesla (NASDAQ:TSLA), and I can’t help but think that Elon Musk’s announcement regarding the unveiling of a Robotaxi on August 8 is something of a distraction. So, why would Musk be distracting us? Well, vehicle sales are slowing, margins are falling, and Tesla’s dominance in the electric vehicle (EV) segment is over. […]
Tesla will drop 70% after robotaxi and AI ambitions stop shielding a failing business, ‘Big Short’ investor says
A Tesla car charging up at a Tesla Supercharger.Justin Sullivan via Getty Images “Big Short” investor Danny Moses is still betting against Tesla stock and expects it to fall to $50. Tesla’s focus on Robotaxis and AI is a distraction from its “falling apart” core business, he told CNBC. Apart from faulty fundamentals, Moses also […]
Tesla Vs. BYD: TSLA Holds Key Level Amid EV Woes, Robotaxi Hopes; BYD In Buy Zone As Margins Soar
Tesla (TSLA) and BYD (BYDDF) are the world’s largest electric-vehicle makers. X In 2022, China EV and battery giant BYD’s vehicle sales raced ahead of Tesla’s. For all-battery electric vehicles (BEVs), BYD seized the crown in the fourth quarter of 2023, but Tesla regained that title in Q1 2024. In 2022, China EV and battery […]
Elon Musk’s robotaxi dreams plunge Tesla into chaos
(Bloomberg) — Elon Musk’s underlings at Tesla Inc. are accustomed to chaos. It comes with the territory of working for a chief executive who sets exacting targets and often abruptly switches directions — whose biographer describes his more intense moods as “demon mode.” Elon Musk in Los Angeles on April 13, 2024. (Photo by Jordan […]
Dow Jones Futures Fall On Iran, JPMorgan; Tesla Bull Fears Robotaxi ‘Debacle’| Investor’s Business Daily
Dow Jones futures fell solidly early Friday, along with those of the S&P 500 and Nasdaq, amid fears that Iran will attack Israel, triggering a wider Mideast conflict. JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup (C) earnings also are in focus on the stock market today.. Meanwhile, Tesla fell slightly as a long-time bull […]
Tesla Shares Jump as Investors Buy Into Musk’s Robotaxi Hype
(Bloomberg) — When Elon Musk announced he’ll unveil a Tesla Inc. robotaxi in August, it was a clear attempt to arrest a spiral for the once high-flying carmaker. Most Read from Bloomberg Tesla shares already had been sinking before the company reported anemic quarterly delivery figures on April 2. Days later, Reuters reported the automaker […]
Tesla Shares Jump as Investors Buy Into Musk’s Robotaxi Promise
(Bloomberg) — When Elon Musk announced he’ll unveil a Tesla Inc. robotaxi in August, it was a clear attempt to arrest a spiral for the once high-flying carmaker. Most Read from Bloomberg Tesla shares already had been sinking before the company reported anemic quarterly delivery figures last week. Then, Reuters reported the automaker was shelving […]
Dow Jones Rise As Boeing Slides; Tesla Rallies On Musk Robotaxi Comment
Dow Jones futures and other stock indexes were higher Monday as aerospace giant Boeing (BA) sank amid a federal probe into concerns over another crippled company jet. Meanwhile, Tesla (TSLA) rallied on the stock market today after Chief Executive Elon Musk said the company will be unveiling its “robotaxi” on Aug. 8. X In the […]
Dow Jones Futures: Market Rebounds As Nvidia Forges Base; Elon Musk Sets Tesla Robotaxi Date
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Nvidia and several AI chip plays are working on bases. X The stock market pulled back last week, highlighted by Thursday’s downside reversal that pushed the uptrend to “under pressure.” But the major indexes rebounded Friday. A few leaders flashed […]
Musk Says Tesla Will Unveil Robotaxi on Aug. 8; Shares Jump
(Bloomberg) — Tesla Inc. plans to unveil its robotaxi on Aug. 8, according to a statement from Chief Executive Officer Elon Musk on X, his social media site. Most Read from Bloomberg The shares jumped 3.2% as of 4:59 p.m. after regular trading in New York. The stock was down 34% this year through Friday’s […]
GM’s troubled robotaxi service faces another round of public ridicule in regulatory hearing
General Motors‘ troubled robotaxi service Cruise on Feb. 6 endured a public lashing from a California judge who compared the company to the devious TV character Eddie Haskell for its behavior following a ghastly collision that wrecked its ambitious expansion plans. The withering comparison to the two-faced Haskell from the 1950s-era TV series, “Leave It […]