Tesla’s Valuation and Robotaxi Rivalry with Waymo
Analyst Adam Jonas from Morgan Stanley estimates that 41% of Tesla’s current valuation is linked to its robotaxi potential, with key metrics showing 34% from its automotive and energy business and 25% from the Optimus robot. Meanwhile, at Y Combinator’s Startup School, Waymo’s co-CEO Dmitri Dolgov criticized Tesla’s camera-only self-driving technology, suggesting it faces a performance ceiling, especially in adverse conditions.
Tesla is reportedly falling behind competitors in the regulatory approval race as Amazon’s Zoox recently received the green light from the National Highway Traffic Safety Administration (NHTSA) for commercial deployment of its robotaxis in Las Vegas. Investors should note that Tesla’s success in the driverless market hinges on overcoming existing challenges, including the need for hardware upgrades across approximately 4 million vehicles.
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