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Tesla’s robo-taxi launch fails to impress investors, stock price unaffected
The highly anticipated roboto-taxi launch has come and gone, but unfortunately, it failed to have any significant impact on the company’s share price. Despite mixed investor reactions, Tesla’s (TSLA) stock remained remarkably flat, showing no signs of volatility.
Investors are now looking forward to upcoming events that could potentially shape the company’s future trajectory. As such, here are a few key points to consider in the near term:
Firstly, quarterly delivery numbers will be released this Wednesday, with expectations of around 386,000 vehicles delivered, marking a significant decline of between 13% and 20% year-over-year. If these figures prove to be weaker than anticipated, it may lead to a negative impact on the stock price.
Secondly, the impending tax credit changes could have far-reaching implications for Tesla’s business. A Senate bill aiming to end EV tax credits by September is currently making its way through Congress. Elon Musk has publicly lambasted the legislation as “utterly insane and destructive,” but investors remain uncertain about the potential long-term effects on demand.
Lastly, any updates regarding new vehicle models could provide a much-needed spark for the company’s share price. Tesla’s VP of Vehicle Engineering hinted at an upcoming release in its first-quarter earnings call, stating that these new models are still being planned to be released this year.
While the robo-taxi launch may have underwhelmed investors, all eyes will now shift to the second quarter delivery numbers and any potential updates on the company’s product roadmap.
Source: coincentral.com
