Tesla’s stock has dropped 5.49% over the past five days following a weak second-quarter earnings report, according to CNBC. Investors are also concerned about Elon Musk’s bold but unmet promises on robotaxis and full autonomy. Canaccord Genuity analysts said they support Tesla’s robotaxi vision but stressed the need for immediate growth and improved financial performance. Goldman Sachs described Tesla’s robotaxi effort as limited in scale and lacking sufficient technical data. Wall Street remains focused on Tesla’s performance as it trails behind Alphabet’s Waymo in the U.S. and Baidu’s Apollo Go in China despite Musk’s ambitious promises. Gary Black called Tesla’s second-quarter earnings a “disaster” and expressed doubt about the scalability of its robotaxi due to the limitations of its Full Self-Driving technology. Tesla's engineering chief hinted at a strategic pivot toward more near-term projects like a compact pickup truck.
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00:02Tesla's stock has dropped 5.49% over the past five days following a weak second quarter earnings report, according to CNBC.
00:08Teslers are also concerned about Elon Musk's bold but unmet promises of robo-taxis and full autonomy.
00:14Canaccord Genuity analysts say they support Tesla's robo-taxi vision, but stress the need for immediate growth and improved financial performance.
00:21Goldman Sachs described Tesla's robo-taxi effort as limited in scale and lagging sufficient technical data.
00:26Wall Street remains focused on Tesla's performance as it trails behind Alphabet's Waymo in the U.S. and Baidu's Apollo Go in China, despite Musk's ambitious promises.
00:35Harry Black called Tesla's second quarter earnings a disaster and expressed doubt about the scalability of its robo-taxi due to the limitations of its full self-driving technology.
00:45Tesla's engineering chief hit in a strategic pivot toward more near-term projects like a compact pickup truck.
