Investor's Corner
Tesla’s Robotaxi unveiling event sets the tone for 2030 and beyond: Morgan Stanley
Tesla CEO Elon Musk confirmed the automaker would bring its Robotaxi to light during an unveiling event on August 8.
The influence of the vehicle and the prospect of fully autonomous technology is much bigger than a single-day event, and Morgan Stanley wrote in a new note to investors that the unveiling could set the tone for beyond 2030.
“We first began writing about the investment considerations of a potential Tesla robotaxi business since we began modeling ‘Tesla Mobility’ back in 2015 when Tesla’s market cap was barely $30bn,” Adam Jonas, lead analyst for Morgan Stanley, wrote. “We had (mistakenly) expected the company to formally launch a highly automated ride-share service back in 2018. Nearly a decade later, we’re still waiting. August 8th will offer some important clues.”
Tesla has fended off bearish tones for the past year, especially as the stock has taken hits due to an increased number of competitors and a decreasing market share in crucial markets like China.
The automaker also stated that its growth this year would lag due to the development of the next-generation platform, which includes the Robotaxi and the rumored $25,000 vehicle.
Since then, Tesla has reported less-than-expected delivery and production figures for Q1, and fended off false reports that it had ditched the $25,000 vehicle in China.
However, in a long-term perspective, these issues are simply speed bumps in what is a long and winding road to what could potentially be the most groundbreaking product in the last 100 years.
Morgan Stanley believes that “Tesla has many attributes that can make it a formidable player (if not an outright winner) in the race to autonomy” and that it believes “the more material commercial scaling of the business would be well beyond 2030.”
The Five Pillars for Tesla’s Robotaxi Unveiling
Morgan Stanley lists five main pillars for the August 8th unveiling of the Robotaxi:
- Recognition that making and selling EVs in a traditional consumer model may not create lasting economic value
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- While many companies are selling cars, few are advancing the entire industry. Tesla needs to show how it will lead the way on August 8.
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- Recruiting Exercise
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- Other Tesla events have been a great way to attract the brightest and smartest talent to the company. This could be the latest edition of Tesla’s recruiting efforts.
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- Path to commercialization of true robotaxis (no steering wheels) at scale will be both long-dated and volatile
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- There are a lot of bumps in the road that will come with this, including legal, regulatory, moral, and ethical factors. Morgan Stanley is bullish on the long-term growth of L4/L5 autonomy, but in the short-term, expect some growing pains.
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- Emblematic of bigger shift Tesla’s business model to real-world/hard-tech AI and robotics
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- This will shift Tesla’s business model from less auto and more AI and software-based.
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- August 8th may reignite the conversation around whether Tesla is worth inclusion in an AI conversation
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- Tesla can capture value with a notable and strong event. However, some may still be concerned about its reliance on NVIDIA.
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Morgan Stanley still holds the same $310 price target and an ‘Overweight’ rating on the stock.
Disclosure: Joey Klender owns Tesla stock.
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Elon Musk
SpaceX Starship Flight 13 aborted at Zero and Musk just told us what broke
Four Raptor engines failed to ignite at T-zero, forcing SpaceX to scrub Starship Flight 13 Thursday.
SpaceX scrubbed the Starship Flight 13 launch attempt Thursday evening at the last possible moment, after four of the Super Heavy booster’s 33 Raptor 3 engines failed to ignite during the startup sequence. The 90-minute window had opened at 6:45 p.m. EDT from Starbase in Boca Chica, Texas, and the countdown had proceeded without issue all day, with more than 11.5 million pounds of liquid methane and liquid oxygen being fully loaded into the rocket before the automated abort triggered. SpaceX’s launch directors posted on X, “Standing down from today’s flight test attempt,” and shut down the livestream shortly after.
Musk confirmed the root cause within hours. “Some of the engines didn’t start, triggering an automatic launch abort,” he wrote on X. “To be confident of a good flight, 2 Raptors will be removed and replaced. Most probable launch timing is early next week.” SpaceX engineers began draining propellant tanks immediately and Booster 20 was rolled back to its hangar for inspection.
The timing adds a layer of significance that did not exist during any of the previous 12 Starship flights. This is the first time SpaceX has attempted to launch Starship since the company made its stock market debut in June, listing under ticker SPCX at $135 per share. Public investors are now watching every Starship outcome in real time, and a last-second abort carries more visibility than it would have six months ago.
Flight 13 was designed to be one of the most consequential tests in the program’s history. It was set to carry 20 Starlink V3 satellites, the first operational payload Starship has ever attempted to deploy. Six of those satellites carried external cameras to photograph Starship’s heat shield from the outside during flight, which would act as a self-inspection approach SpaceX has never attempted before. The mission also needed to complete a Raptor engine relight in space, a step SpaceX skipped on Flight 12 in May after losing an engine during ascent. That Flight 12 booster also flipped 90 degrees off course during its boostback burn when five engines failed to reignite.
SpaceX has not announced an official next launch date. Musk’s “early next week” window points to July 21 or 22 at the earliest, pending the engine swap and a return to the pad.
Lucid CEO Silvio Napoli responded to rumors of an imminent bankruptcy that was reportedly being mulled after a report stated the automaker was working with the firm AlixPartners to iron out its next steps.
The company felt a massive loss on Wall Street yesterday, as the report essentially pushed the stock down as much as 55 percent on Tuesday.
The report, published initially by Eletric-Vehicles.com, claimed Lucid was essentially in dire straits and was told by AlixPartners, a commonly used restructuring advisor, to either take shares private or file for Chapter 11 bankruptcy protection.
Lucid’s head of Communications, Nick Twork, immediately challenged the report and stated the company “has sufficient liquidity to carry its operations well into next year.”
Now, the company’s CEO is chiming in as well, stating that the report is “so far from the facts that they require a direct response.”
Napoli said:
“Lucid is not considering bankruptcy or a transaction to take the company private. Those reports are false. The Board did not explore either scenario. Period.
As disclosed in our most recent quarterly filing, Lucid has sufficient liquidity to fund its operations well into next year.
We work with outside advisors to improve operational performance and execution. They are not advising Lucid on a take-private transaction or bankruptcy, and any suggestion that they have recommended either course of action to management or the Board is false.
My priority is clear: turn this company around. That is where the leadership team and I are focused.
I look forward to providing a full update during our quarterly earnings call on August 4th.”
🚨 Lucid CEO Silvio Napoli calls rumors of financial issues “so far from the facts that they require a direct response.”
Read his full remarks here: https://t.co/t3Pg1NHvzy pic.twitter.com/LvHUPhO4Qf
— TESLARATI (@Teslarati) July 15, 2026
It seems pretty clear that Lucid is confident things will be okay, and, to be honest, they should not have much to worry about, especially considering the company has been backed by the Saudi Public Investment Fund (PIF) for years. It has solid financial backing, and its sales, while weak, are pretty much right on par with a company of this age.
Lucid also sent a Cease & Desist letter to the publication for their report.
Lucid shares have rebounded nicely and are up nearly 21 percent at the time of publication. As soon as the company dispelled the rumors of bankruptcy yesterday, the stock began to climb back toward more reasonable levels.
Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hours.
Lucid’s Director of Communications, Nick Twork, responded to the report from Eletric-Vehicles.com, which stated the company’s restructuring advisor, AlixPartners, was asked to review two decisions: taking Lucid shares private or filing for Chapter 11 bankruptcy protection.
The report also claims AlixPartners told the Lucid board to “concentrate on Gravity production while improving its quality, and to temporarily hold back the Lucid Air, the sedan that has defined the company since its launch.”
Twork said:
$LCID The rumors are completely false. The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today. Our focus is…
— Nick Twork (@ntwork) July 14, 2026
Shares rebounded after the response to the report, halving its losses as the trading day neared 3 p.m. Eastern.
Lucid has struggled to get its sales off the ground and into more respectable numbers, but the company is in its early years, when things are hard to begin with. It is also backed by several notable investors, including the Saudi Public Investment Fund (PIF), which has nearly limitless money and likely would not ditch an investment of this size so soon.
Lucid shares were down just 14 percent at the time of publication, a far cry from the 55 percent its losses topped out at during the day.
Tesla enters two new markets on two different continents in one week
SpaceX announces new Starship 13 test flight target date
