Tesla robotaxi won't be ready for scale until 2030: Analyst
Tesla (TSLA) shares are trading higher on Friday despite a Bloomberg report indicating a two-month delay in unveiling the company's highly anticipated robotaxi. Guggenheim Securities director of automotive equity research Ron Jewsikow joins Catalysts to discuss Tesla's future prospects.
Jewsikow calls the robotaxi plans as "a massive pivot" for Tesla, marking a shift from the company's previous focus on making electric vehicles more affordable. He notes that the robotaxi event announcement came on the heels of Tesla's decision to delay or cancel its "next-generation platform," mounting more pressure on the robotaxi project to be a success.
A full-scale launch "prior to 2030 is unlikely," Jewsikow says about a realistic timeline for the robotaxi release date. Jewsikow views the period leading up to 2030 as a testing phase: "post-2030 is when this is a meaningful contributor to the business, and I would say even probably well into the 2030s before this is even at scale."
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