Investor worries pertain to the technological and regulatory challenges Tesla must overcome. Analysts believe that the company is still several years away from being able to operate an autonomous, taxi-like service.
It’s finally here: Tesla’s much-awaited Robotaxi event, scheduled on Thursday for people reading or watching this in India.
Long-anticipated and long-anticipated is Tesla’s first fully autonomous car, called the “Cybercab.”
However, to those very same enthusiasts, Wall Street is much more skeptical of the company’s quite ambitious promises. It casts a shadow of doubt over the prospects of Tesla’s ability to deliver any functioning driverless taxi service shortly.
The main concerns are technological and regulatory challenges, which Tesla still has to overcome. Analysts believe Tesla is still a few years away from being able to run a self-driving taxi service.
Garrett Nelson, the senior equity analyst for CFRA Research, summed it up nicely when he said that Tesla still had some significant technological hurdles to overcome before it could keep up with Waymo or other companies that are much farther ahead.
Of course, one of the biggest issues is Tesla’s Full Self-Driving (FSD) mode, which, until very recently, regulators have seen as a driver assistance system that nonetheless requires human oversight.
It’s difficult for the company to make strides at the level of autonomy needed in a truly driverless taxi service.
