I think Tesla’s robotaxic launch does mark the start of a new era. It is inportant for it to enter and establish itself as the leader in this area. Personally, I’m not bullish on Tesla as Elon is eccentric and many other competitors have proven their ability to catch up as seen in the area of EVs. There are also many other companies developing robotaxic and that would intensify competition. I believe the Chinese firms like pony AI and weride will quickly catch up and the large Chinese consumer base along with government’s support will help catapult them to again beat Tesla.
I definitely will not buy Tesla and not leveraged ETFs. I would put $350 as my price target and ceiling of $400 unless the subsequent earnings are spectacular or Elon has greater plans to propel Tesla further.
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