Tesla: “We, Robot” Taxi of the Future
Tesla has been in the spotlight in the U.S. stock market, driven by its remarkable performance in 2024 and its ability to adapt to changing market conditions. Tesla shares have shown recent growth of 2.45%, remaining a key player in the technology sector, even as the market's focus has begun to diversify beyond tech giants. Looking at last year's earnings progression in December versus this year's performance, Q1 2023 vs. 2024 earnings performance was clearly lower in the current year, Q2 2023 vs. 2024 was more positive than last year. The main catalyst for the company is the impending release of Q3 delivery figures, which are expected to be announced on October 2. Analysts anticipate that Tesla will report approximately 462,000 deliveries, which would represent a 6% increase compared to the same period last year. This growth is largely due to increasing demand in key markets, such as China, where government subsidies have helped boost sales.
In addition to deliveries, Tesla is preparing to unveil its Robotaxi on October 10, at an event that promises to revolutionize the future of autonomous vehicles. Elon Musk has raised expectations by describing this launch as the most important since the unveiling of the Model 3. While Tesla has been a pioneer in the electric vehicle market, in the field of robotaxis it has lagged behind competitors such as Waymo, the Alphabet subsidiary, which currently leads the industry in the U.S. with more than 100,000 weekly trips in cities such as Los Angeles, San Francisco and Phoenix. Despite the enthusiasm, many analysts suggest tempering expectations, as mass adoption of robotaxis is likely to take at least a decade due to regulatory hurdles and safety concerns. According to experts, Tesla must demonstrate concrete technological advances and provide a clear vision for the scalability of its robotaxis in the U.S. market. Meanwhile, other companies, such as Baidu in China and Cruise in the U.S., are also making progress in developing autonomous driving. Although the road to a large-scale robotaxi market is long, this sector is expected to grow significantly in the coming years, with Tesla and Waymo as key players.
In terms of its financial performance, Tesla has a solid “financial health score” of 3.0 out of 5.0, according to AI-backed model evaluations. This highlights its robust fundamentals and dominant position in the electric vehicle sector. However, the company also faces pressure from inflation and a challenging economic environment, which could affect consumer spending. The next few weeks will be crucial for Tesla. Investors will be watching for third quarter financial results and how the company responds to increasing competition and market conditions. Tesla's success depends not only on its ability to innovate, but also on its ability to navigate a rapidly evolving landscape in both electric vehicles and autonomous driving.
Looking at the technical side, currently the RSI at 67.67% slightly overbought may extend above the channel its move in the direction of $275-$300 per share, recovering prices from June last year. I feel this a cyclical company it is possible that we may see a sharp correction subsequent to $185 if results do not match expectations which should match those of the previous quarter, according to prior years data.
In summary, Tesla is at a crossroads where its ability to grow in the future will depend on how it adapts to market challenges and its ability to maintain its status as a leader in the electric vehicle industry.
Ion Jauregui - ActivTrades Analyst
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
In addition to deliveries, Tesla is preparing to unveil its Robotaxi on October 10, at an event that promises to revolutionize the future of autonomous vehicles. Elon Musk has raised expectations by describing this launch as the most important since the unveiling of the Model 3. While Tesla has been a pioneer in the electric vehicle market, in the field of robotaxis it has lagged behind competitors such as Waymo, the Alphabet subsidiary, which currently leads the industry in the U.S. with more than 100,000 weekly trips in cities such as Los Angeles, San Francisco and Phoenix. Despite the enthusiasm, many analysts suggest tempering expectations, as mass adoption of robotaxis is likely to take at least a decade due to regulatory hurdles and safety concerns. According to experts, Tesla must demonstrate concrete technological advances and provide a clear vision for the scalability of its robotaxis in the U.S. market. Meanwhile, other companies, such as Baidu in China and Cruise in the U.S., are also making progress in developing autonomous driving. Although the road to a large-scale robotaxi market is long, this sector is expected to grow significantly in the coming years, with Tesla and Waymo as key players.
In terms of its financial performance, Tesla has a solid “financial health score” of 3.0 out of 5.0, according to AI-backed model evaluations. This highlights its robust fundamentals and dominant position in the electric vehicle sector. However, the company also faces pressure from inflation and a challenging economic environment, which could affect consumer spending. The next few weeks will be crucial for Tesla. Investors will be watching for third quarter financial results and how the company responds to increasing competition and market conditions. Tesla's success depends not only on its ability to innovate, but also on its ability to navigate a rapidly evolving landscape in both electric vehicles and autonomous driving.
Looking at the technical side, currently the RSI at 67.67% slightly overbought may extend above the channel its move in the direction of $275-$300 per share, recovering prices from June last year. I feel this a cyclical company it is possible that we may see a sharp correction subsequent to $185 if results do not match expectations which should match those of the previous quarter, according to prior years data.
In summary, Tesla is at a crossroads where its ability to grow in the future will depend on how it adapts to market challenges and its ability to maintain its status as a leader in the electric vehicle industry.
Ion Jauregui - ActivTrades Analyst
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
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