Tesla (NASDAQ: TSLA) has launched its first self-driving robotaxis for paying customers in Austin, Texas, a milestone first discussed by CEO Elon Musk in 2016. This marks a significant step towards Tesla’s goal of launching a fully autonomous robotaxi fleet. Current investor sentiments suggest this initiative could be crucial for justifying Tesla’s high valuation.
Upcoming Q2 EV Delivery Figures
Tesla is anticipated to report its second-quarter EV delivery figures in the first week of July, following a disappointing first-quarter total of approximately 337,000 units, the lowest in over two years. Analysts forecast Q2 deliveries could be around 400,000, yet this would reflect a 10% year-over-year decline. The company has also faced challenges in sales, particularly in Europe and China, amidst rising competition from brands like BYD.
Notable analysts have different outlooks: Barclays’ Dan Levy projects 375,000 deliveries, while Wells Fargo’s Colin Langan suggests a significant year-over-year decrease of 21%. Despite potential delivery issues, Tesla’s stock has increased by 24% quarter-to-date as of June 20, as investors seem more focused on future initiatives like robotaxis rather than immediate delivery performance.
