Tesla Sell Rating on Robo Taxi Concerns

5 days ago

Seth Goldwin

"Well, we think the markets got a little too carried away with enthusiasm for the robo taxi and we're skeptical that we'll see a full launch next year, meaning the robo taxi will be launched without safety drivers in the car and without any parameters or geo fencing in the areas where they operate. We think it's still a few years away because the product's in early testing. Yet we think the market's already pricing in Tesla surpassing Uber and Lyft in the ride hailing market."

Seth Goldwin explains his sell rating on Tesla stock, citing overenthusiasm for its robo taxi project. He argues that a full launch without safety drivers and proper operational boundaries is still years away, and expresses skepticism about the market's high expectations regarding Tesla’s ability to overtake competitors in ride hailing.

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