Tesla’s robotaxi service is experiencing significant rollout challenges, raising investor concerns about its future prospects. Despite CEO Elon Musk’s assertions that autonomous driving could generate trillions in opportunities, recent reports from Dallas and Houston indicate long wait times, limited vehicle availability, and frequent ride cancellations. With only about 50 robotaxis reportedly operating in Austin compared to over 250 from rival Waymo, investor confidence is wavering as delays in expansion timelines continue.
In April 2026, Tesla delivered 79,478 Shanghai-built Model 3 and Model Y vehicles, marking a 36% year-over-year growth, but the company has postponed the planned rollout to seven U.S. cities by mid-2026, with Musk now anticipating expansion into nearly a dozen states by year-end. As Tesla’s capital expenditure forecast has risen to $25 billion from $20 billion, the company’s valuation increasingly hinges on successful execution of its autonomous plans, which remain uncertain.
Additionally, Tesla’s earnings per share (EPS) for 2026 has seen a downward revision to $1.99, indicating a projected 20% year-over-year growth. While shares of TSLA rose 14% recently, the stock is viewed as a high-risk investment amid growing competition and operational execution concerns.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
