Tesla is sending out the invitations to its Robotaxi Event at Warner Bros. Studios in Burbank, Los Angeles, scheduled for October 10.
Tesla started sending out invitations on Wednesday just after 5 p.m. EDT, with the title “We, Robot,” as it will show off its fully autonomous vehicle platform in about two weeks.
We got ours 🤖
Are you going to Tesla’s Robotaxi Event on 10/10? pic.twitter.com/An7PJaJj9L
— TESLARATI (@Teslarati) September 25, 2024
The event was scheduled originally for August 8, but Tesla delayed the event as CEO Elon Musk requested a design change to the vehicle. He said he wanted to show off a few other things as well.
Requested what I think is an important design change to the front, and extra time allows us to show off a few other things
— Elon Musk (@elonmusk) July 15, 2024
Tesla says you have to be 21 years old to enter the event, and space is limited.
Robotaxi Event from Analyst Perspective
Here’s what some analysts have said about the Robotaxi Event:
Dan Ives of Wedbush said:
“While the knee-jerk reaction will clearly be negative on a delay of August 8th based on this report that just hit, we believe the timing of robotaxis, partnerships, and the ultimate autonomous and AI-driven technology does not change at all for our bullish Tesla thesis. To some extent, we believe this 2-month delay could just make the actual Robotaxi event and prototypes even better.”
Mark Delaney of Goldman Sachs said:
“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.”
Ben Kallo of Baird said:
“We see the launch of a lower-priced vehicle as a positive for volume estimates in 2025, however, we note that switching production to enable a new vehicle would likely come with some factory downtime, which may create lumpiness in deliveries.”
Adam Jonas of Morgan Stanley said:
“Heading into Tesla’s 10/10 robotaxi event, we are, frankly, struggling to see how the day can live up to investors’ high expectations. Other than demonstrating FSD v12.5 and offering rides in a Gen 1 ‘Cybertcab,’ what else is in store?”
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