Tesla investors and analysts will have the chance to grill the CEO, Elon Musk, on his plans for robotaxi when the electric automaker reports quarterly results.
Tesla investors and analysts will get to grill CEO Elon Musk on his robotaxi plans Wednesday when the electric automaker reports quarterly results after a much-hyped unveil this month that lacked vital details and slammed shares.
There was no time for questions in Musk’s approximately 20-minute introduction to the electric car, which will likely become the foundation of Tesla’s future.
The underwhelming event is why investors should be told whether the automaker’s core business of selling cars is improving.
Tesla is expected to report that its auto sales profit margin decreased in the third quarter due to irresistible incentives to lure electric vehicle buyers.
It’s probably the first time deliveries will decline by year as demand for its aging lineup faces competition from cheaper EVs in China and traditional U.S. automakers with fresh electric models.
Here’s what Wall Street is looking at:
ROBOTAXI DETAILS AND FULL SELF-DRIVING
Much of Tesla’s $700 billion valuation relates to Musk’s promise that its Autopilot software will be the base of its robotaxi business. Analysts are likely to enter the post-earnings call with questions on production timelines and sales strategy.
