Tesla investors focus on cheaper cars and robotaxes

Elon Musk made great exciting promises to Tesla investors on calling the results of the company’s first quarter on Tuesday – But he said they will not start to pay before mid-2010 or later.

In the hours that followed Tesla, the analysts said they expected two things: a long -awaited car at least expensive and that Robotaxi de Tesla arrives on the market.

The Tesla Robotaxi, which was unveiled in October, is a fully autonomous vehicle that could be greeted on a carpooling application like a taxi. Tesla also teases a cheaper car – without disclosing its model or characteristics – since 2020.

Tesla has missed expectations for the first quarter, declaring a 71% drop in profits and a 9% drop in income. Sales of vehicles in particular have suffered, with automobile income down 20% from one year to the next and delivery of vehicles down 13%.

The manufacturer of electric vehicles has faced events, boycotts and attacks in recent months for Musk’s work with the White House office. Musk announced on the call of the results he would go back from Doge in May, good news to investors who had feared that Tesla is not enough of the billionaire.

Tesla’s stock jumped approximately 5% after hours, But it is down 41% this year.

Analysts of Cantor Fitzgerald led by Andres Sheppard highlighted the Robotaxi and the cheaper model in a note according to the gains. They added that the regulatory approval of complete self-limited and Robotaxi remains a key risk for Tesla’s stock prices.

A more affordable model could open Tesla’s potential customers and help business compete internationally against Chinese electric vehicles with low cost.

Thomas Monteiro, analyst at Investing.com, said: “Tesla has room for significant improvement.”

“If it is the worst that he obtains for Tesla, then there must certainly be advantages for the stock once the tail needles, such as the highly expected model less expensive and the Robotaxi, finally struck the market later this year,” he said in a note following the call for profits.

Yun Mei, EV analyst at China Great Wall Securities, Robotaxi’s activity said on Wednesday in an appearance on Bloomberg TV.

She said that she had a “strong faith” in Tesla’s ability to launch robotaxis because the property of Musk de Xai gives Tesla a “first engine advantage” in the physical space of AI. But she estimated that robotaxis would take about three years to bear fruit.

Tesla refused the offers to associate themselves with existing carpooling platforms like Uber to market its Cybercab activities, which could delay its robotaxis.

In a note published the day the cybercab was unveiled in October, Jefferies analysts wrote that Tesla could fight without a partner like Uber or Lyft.

Tesla’s largest cheerleader said that these product launches require Musk’s attention, which has recently been on Doge.

“This quarter was a disaster,” said Dan Ives, Wedbush analyst, during Tuesday’s appearance on CNBC after Tesla’s income.

“Everything that is happening here in terms of possibilities around autonomous and at lower cost, cybercab, everything else-Musk needs to drive this,” he added.

Big bets on autonomous driving and robots

Musk has also set high goals for Tesla’s autonomous vehicles and Tesla humanoid robots.

Tesla tries to Diversify as sales of electric vehicles. The slowdown in sales of electric vehicles was a problem for Tesla even before Musk’s work with DOGE, partly due to increased competition and consumers opting for hybrids on fully electric vehicles.

Musk said he expects Tesla to have millions of fully autonomous teslas in the American streets by the second half of the next year.

Musk added that Tesla “would begin to see the prosperity of autonomy take effect material in the middle of next year” or the second half of next year.

Society has often missed target dates in the past, and Musk previously admitted to being too optimistic about the deadlines.

Musk also said Tesla made good progress on Optimus, her humanoid robot, and that he expected thousands of optimus robots to work in Tesla factories by the end of the year. He said the company could produce one million robots per year by 2029 or 2030.