The EV-maker launched its first fleet in Austin, Texas.
Transcript:
CAROLINE WOODS: Tesla’s long awaited robotaxis hit the roads in Austin on Sunday. Early riders got a discounted rate – a flat-fee of $4.20 – for their driverless rides.
The EV maker started small with its invitation-only launch. The cars operated in a limited, geofenced area with Tesla “safety monitors” in the front passenger seat as an added layer of protection.
Based on Guggenheim’s analysis, “the day was filled with almost entirely clean driving performance.” However, they remain bearish on Tesla stock with a Sell rating and a $175 price target.
Meanwhile, Wall Street’s biggest Tesla bull – Dan Ives of Wedbush — said “The AI future at Tesla is worth $1 trillion to the valuation alone over the next few years.” Following his robotaxi rides, he wrote, the “Golden Age begins” and reiterated his $500 price target.
Tesla shares are riding high in early Monday trading – although they’re still down about 10% so far this year.
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