Tesla’s affordable EV, robotaxis in focus after Musk backlash, competition hurt demand

From Akash Saram

(Reuters) – Tesla investors will be to ask the CEO of Elon Musk, two urgent questions when the reports of the electric car maker on Tuesday: When will the car be released at reasonable prices, and is the Robotaxi plan on the specified date?

Wall Street installed its hopes in a cheaper car – and promised at the end of the first half of this year – to activate the sales of the hanging Tesla that was subjected to competition and revenge for the extreme right -wing Musk policy.

Reuters exclusively reported on Friday that Tesla plans at reasonable prices include an abstract version of its best -selling SUV in the United States, but its production was postponed for months.

“The low -cost Tesla may be the only thing that can turn the momentum. If it ends as just a nude version of Y, we believe that the street can disappoint you. Elon really needs to reach the deadline on this and hit the car itself,” said Will Rennd, CEO of Global Etf Graniteshares.

Tesla needs to win badly. As sales decline, therefore, most likely, the margin of total car in Wall Street will reach its lowest level in the first quarter. Analysts expect this to continue as Tesla continues to provide incentives to increase sales.

The company said that the use of a current vehicle platform and production lines to develop a cheaper car will reduce its capital costs, but it provided small details that exceed this.

In the face of slowing the demand for bright sales and the red sales of the Chinese EVS in China and Europe, musk was focused on robots and artificial intelligence last year. Driver carback services promised to the public in Texas by June, and later this year in California.

Regardless of the fact that Musk has promised and failed to provide self -driving Teslas for nearly a decade, there are serious concerns about safety and relevant risk of litigation that can come with the deployment of an unintended technique without a driver in public streets.

Tesla seeks to obtain regulatory approvals required for it to launch the promised Robotaxi service in the end.

But the production of Reuters, that the long -awaited cyberbagb production – a primary robotics concept of that idea – can be disabled.

In addition to these challenges, it is the invested doubts about the amount of time MUSK spending in managing the company because of his involvement in the Trump administration, as he led federal job efforts.

His actions have angered people, which led to protests and sabotage in Tesla showrooms, which were reflected in the decrease in the value of the brand and the height of trade.