Tesla’s Robotaxi has been gaining a lot of hype ahead of its official announcement on 10th October at Warner Bros. Studio in Los Angeles. The event will showcase Tesla’s effort in autonomous driving technology and the introduction of the most anticipated Tesla Robotaxi, but the discussion among investors suggests that details about low-cost EVs may also be revealed.
Some investors at Goldman Sachs highlighted that while the primary focus of the event will be on the Robotaxi and its mass production plans, there is good interest in whether the company will also provide key updates on the rumored $25,000 EV.
Robotaxi has already been a very hot topic for Tesla and the entire EV industry. Investors believe that providing additional information about this model could significantly enhance Tesla’s market look and stock value. Firms have been mentioning that Robotaxi has the potential to put Tesla at the forefront of the self-driving race.
Tesla’s $25K Car Speculation and Uncertainties
Despite ongoing discussions about Tesla’s $25,000 car, there have been some conflicting reports regarding the development of the car. At the beginning of this year, a report from Reuters suggested that Tesla had stopped the project of Robotaxi altogether. But later this report was denied by the CEO Elon Musk himself. Musk said that Tesla will continue to develop affordable Electric Vehicles alongside its ambitious Robotaxi.
Last week, Bank of America said that the event could massively push Tesla stocks, especially if it can be done correctly. Now Goldman Sachs analyst Mark Delaney is stating that the Robotaxi event will heavily depend upon Elon Musk himself and what he will present to everybody there. Investors are also keen to know on how fast Tesla can come up with the mass production plan of the Robotaxi.
“The timeline to begin commercial operations in robotaxis (including technology readiness and operational/regulatory/logistical considerations) and the business outlook (including how Tesla’s cost structure may compare to competitors) will be key areas of focus for investors.”
Delaney also mentioned that Tesla investors have frequently discussed the potential details of the $25,000 EV, as some believe it could be a major plus point of when more information regarding the vehicle is revealed.
“Whether Tesla provides more details or unveils the new lower-cost model at the 10/10 event has also been a frequent topic in our investor discussions.”
Robotaxi Event Highlights
With preparations for the upcoming Robotaxi event, which is set for October 10, 2024, the Warner Bros. Studio has now turned into a hub for one of Tesla’s innovations in autonomous technology.
Robotaxi is said to have no steering wheel or pedals to simplify the interior and reduce maintenance costs. The interior will be very spacious thanks to the adjusted and minimal seats and adjustments. Tesla aims to give it a very modern yet very spacious look.
Robotaxi will also have doors on both sides and an emergency exit for the passenger’s safety and convenience. These design choices not only enhance the car’s safety but also reduce production costs. Tesla has also improved the motor design, reducing silicon carbide by 75% and eliminating the need for rare earth materials to further lower costs and improve sustainability.
One of the highlights of the Robotaxi will be its highly advanced autonomous driving built on Tesla’s years of R&D and hard work. Tesla’s current Full Self Driving (FSD) is industry-leading in terms of autonomous driving
Conclusion
As Tesla prepares for the Robotaxi event, both EV enthusiasts and investors are eagerly waiting for any updates regarding the $25,000 EV. While it remains uncertain whether Tesla will reveal more concrete details regarding its EV at the event, the interplay between Tesla’s ambitious plan for affordable electric vehicles and its push for autonomous driving continues to be the center point of discussion in the industry.
The outcome of this upcoming event has the potential to completely change the landscape of autonomous driving significantly enhance Tesla’s market perception and will help the company to move forward in its growth trajectory.
