) Robotaxi on August 8th. Over five days, the announcement had little lasting impact on TSLA stock, breaking even at 0.05% to the present price level of $173.66 per share.
With the rumored price tag of $25,000, the compact Redwood would be a direct competitor to rising Chinese automakers such as BYD .” Moreover, Musk reacted to Sawyer Merritt’s hypothesis with googly eyes emoji. Merritt posited that Tesla’s entry EV is the same Robotaxi platform without being mutually exclusive.
In technical terms, this capability would be SAE Level 5. Elon Musk has no qualms about the impact of FSD’s successful deployment, describing it as a high-risk, high-reward scenario for shareholders. For more discerning investors, this rang the bell to Musk’s 2016 promise of scaling a “beautiful solar-roof-with-battery product that just works.” Tesla Solar, previously SolarCity, is yet to deliver on this vision. If FSD is successfully integrated into the Robotaxi network, Tesla will suddenly become a direct competitor to Uber company. This would translate to added value for shareholders while being the Western leader in electric vehicles.
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