Wedbush analyst Dan Ives shared expectations for Tesla to unveil “game-changing” autonomous tech next week during its Robotaxi event.
“We believe Tesla is the most undervalued AI name in the market, and we expect Musk & Co. to unveil some “game-changing” autonomous technology next week in LA. We continue to believe AI/FSD represents a $1 trillion value alone for Tesla over the coming years…,” said Ives on X.
We believe Tesla is the most undervalued AI name in the market and we expect Musk & Co. to unveil some "game changing" autonomous technology next week in LA. We continue to believe AI/FSD represents a $1 trillion of value alone for Tesla over the coming years…🏆🔥🐂 https://t.co/eJXULtiqr1
— Dan Ives (@DivesTech) October 1, 2024
Elon Musk has been teasing everyone about Tesla’s Robotaxi Day event, claiming it will be “one for the history books.” Tesla’s AI team was hard at work in September, releasing updates and hyper-focused on achieving monthly goals.
Due to the rising anticipation over Tesla’s robotaxi vehicle and some more exciting Full Self-Driving features, analysts predict that the event will be a significant upside to the company’s stock. Tesla’s Robotaxi Day is set for October 10 in Los Angeles. Some analysts hope that Tesla will also provide a sneak peek at its $25,000 vehicle.
Initially, Tesla’s $25,000 electric vehicle and robotaxi car were supposed to share nearly 100% of their parts. However, the Tesla’s robotaxi would not have a steering wheel.
If you have any tips, contact me at maria@teslarati.com or via X @Writer_0100110.
