Elon Musk good at two things: having lots of kids and making people angry. Currently, Tesla CEO is making his investors angry after he sent out an extremely important message Vague social media posts following a report from Reuters that thing the planned $25,000 Tesla is dead. He essentially accused the agency of “lying” on his social media platform, Twitter.
However, that is not the key issue for investors. Furthermore, they were angry that Musk was generally too wishy-washy Sample 2 compare to robotaxi thingbased on Reuters. Is that happening or not, Elon? That’s not their only problem either. Investors will also enjoy a decline in sales and stocks Tesla are settling to finally finish. I can imagine they weren’t thrilled with that news The Austin, Texas-based automaker just laid off 10% of its global workforce.
Here’s what Wall Street analysts are saying Reuters:
“The street wants and NEEDS answers” as Tesla holds its earnings call scheduled for April 23, Wedbush Securities analysts wrote. They cited a “horror show” months of bad news about Tesla and called for a “clear strategic vision…with the Model 2 as a key component.”
[…]
Wedbush senior equity analyst Dan Ives told Reuters that Musk’s silence on the Model 2 “hurts” Tesla investors because “it’s so important to the growth story.” .
Ross Gerber, president and CEO of Gerber Kawasaki Wealth & Investment Management and a Tesla investor, puts it more bluntly. “There is no point investing in Tesla if they don’t release this car,” he said.
[…]
The Street also wants to clarify another important aspect of the April 5 story: After abandoning its affordable car project, Tesla plans to continue developing a self-driving robot taxi on the same small car platform.
Big banks are also holding their breath when it comes to this Teslabased on Reuters:
An analysis from Deutsche Bank, concurring with others, noted: “we are waiting for clarity from Tesla.” It described the Model 2 cancellation as “completely changing the thesis,” saying it would put investors who bet on Tesla’s mass-market growth on the back burner, leaving room for “the tech/AI investors have a significantly longer time horizon” to develop robotaxi.
Wedbush sees a bleak outlook without the Model 2. Last week, Wedbush analysts wrote that phasing out the vehicle would be a “failure” for Tesla’s growth prospects and that taxis Robots are not a “magic model” to replace it.
Musk said most recently in January that Tesla will deliver the Model 2 in the second half of 2025, confirming exclusive ownership Reuters reports about those plans. “For the company, a 180-degree turn within three months would be the ‘Twilight Zone,’” said Ives, of Wedbush. Ives said Tesla has been slow to develop its long-promised affordable car.
“A lot of this was self-inflicted – there were no adults in the room,” he said.
Just to make things more complicated, musk also posted that Robotaxi will arrive on August 8, but he didn’t provide any more information than that. There is a very good chance that August 8th will come and go and no Robotaxi will be revealed. To be fair, Musk said nothing year it will be like that. He also said the focus on Robotaxi is “action with blinding clarity.”
The majority of investors seem to like that idea, say Reuters. Frankly, I feel like much of this latest Robotaxi chatter is aimed at preventing the stock from falling further.
Since Reuters’ April 5 report, some investors have welcomed the idea of focusing on robotaxis instead of the Model 2. Musk’s two initial posts helped reverse losses in Tesla shares, which had fallen 6% following Reuters report on affordable car model.
Still, Musk’s comments left investors guessing which vehicle Tesla plans to build next — and importantly, on what timeline. Shares fell again after news of Monday’s layoffs and are now down more than 45% since their recent peak in July.
Therefore, Is there a Model 2 coming soon?? Sure is not. Robotaxi is about to appear? Also not possible. To be Tesla Are you about to face some real financial consequences for Elon Musk’s actions? Almost certainly.
If you want more information about the whole Model 2 and Robotaxi debacle, head over to Reuters.
