Latest news with #TechnologyInnovatorsPortfolio
Yahoo
18-06-2025
- Automotive
- Yahoo
Tesla's Robotaxi Launch Is Days Away -- And the Stock Market Smell Blood or Brilliance
Tesla (NASDAQ:TSLA) is back in motionup 2.17% at 10.40am today as Wall Street turns its attention to one thing: robotaxis. The electric vehicle giant is just days away from launching its autonomous ride-hailing service in Austin, and the stakes couldn't be higher. Traders are bracing for turbulence. After a 3.9% slide on Tuesday, the stock has been bouncing around as the countdown begins. Whether the launch goes off smoothlyor runs into app bugs, protests, or worsecould shape Tesla's near-term price action. For those with a shorter time horizon, it's a textbook profit-taking setup. Tesla has already surged 33% since its April 22 earnings, and Zacks strategist Andrew Rocco, who holds the stock in the Technology Innovators Portfolio, thinks traders might want to lock in gains before any post-launch noise hits. But longer-term investors are watching for something bigger. People are starting to price in robotaxi, Rocco said. The thesis? Tesla has been quietly laying the groundwork for scalemost Model 3 and Model Y cars sold in recent years could become robotaxis with software updates. That gives Tesla a shot at catching up to Waymo, which currently handles over 250,000 autonomous rides weekly using just 1,500 vehicles. Still, this isn't a done deal. Bulls are betting the launch will validate Tesla's AI strategy and unlock a high-margin business model built on autonomous networks. Bears, on the other hand, aren't buying the hypenot yet. They're focused on sagging car sales and the regulatory uncertainties ahead. The launch might turn into a milestone momentor a speed bump. But one thing's for sure: how Tesla handles the next few weeks could reshape how the market values its future. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-06-2025
- Automotive
- Yahoo
Tesla's Robotaxi Launch Is Days Away -- And the Stock Market Smell Blood or Brilliance
Tesla (NASDAQ:TSLA) is back in motionup 2.17% at 10.40am today as Wall Street turns its attention to one thing: robotaxis. The electric vehicle giant is just days away from launching its autonomous ride-hailing service in Austin, and the stakes couldn't be higher. Traders are bracing for turbulence. After a 3.9% slide on Tuesday, the stock has been bouncing around as the countdown begins. Whether the launch goes off smoothlyor runs into app bugs, protests, or worsecould shape Tesla's near-term price action. For those with a shorter time horizon, it's a textbook profit-taking setup. Tesla has already surged 33% since its April 22 earnings, and Zacks strategist Andrew Rocco, who holds the stock in the Technology Innovators Portfolio, thinks traders might want to lock in gains before any post-launch noise hits. But longer-term investors are watching for something bigger. People are starting to price in robotaxi, Rocco said. The thesis? Tesla has been quietly laying the groundwork for scalemost Model 3 and Model Y cars sold in recent years could become robotaxis with software updates. That gives Tesla a shot at catching up to Waymo, which currently handles over 250,000 autonomous rides weekly using just 1,500 vehicles. Still, this isn't a done deal. Bulls are betting the launch will validate Tesla's AI strategy and unlock a high-margin business model built on autonomous networks. Bears, on the other hand, aren't buying the hypenot yet. They're focused on sagging car sales and the regulatory uncertainties ahead. The launch might turn into a milestone momentor a speed bump. But one thing's for sure: how Tesla handles the next few weeks could reshape how the market values its future. This article first appeared on GuruFocus.
