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Monday, April 08, 2024 9:45:13 PM
The bear side, however, is that Tesla has given up a “key reason” why many own the stock: the Model 2 as a volume play that would “reaccelerate volume, margins, and FCF [free cash flow],” Rosner said. It would also mean the bull thesis is based on Tesla cracking the code on self-driving, which will require navigating a number of regulatory hurdles and acquiring enough data to train the software.
Irwin suspects Tesla’s vehicles will need more enhanced sensors, cameras, and other equipment to truly achieve full autonomy, and the fascination of the “Cyber Taxi,” as Irwin called it, is masking the bigger fundamental problems at the company, such as lack of demand and strong competition.
“I think the stock can get cut in half; I think there's more price cuts to come. I think that there's more margin compression, and this is a diversion away from the fact that the company is now shrinking,” Irwin concluded.
I agree with Irwin that this move is a diversion as FSD is nowhere ready to push a truw full self driving robotaxi. At best Tesla will produce several to test in a few cities which will do nothing to help Tesla with its softening demand and 140k car inventory issue.
V12 FSD was experiencing problems a little over a month ago.
https://finance.yahoo.com/news/tesla-robotaxis-wall-street-weighs-in-on-elon-musks-latest-gambit-181643531.html
Could it be that there is a strategy to distract people away from looking at the basic data?
Is all this an exercise to create more and more forum verbiage to drown out any serious discussion of evidence?
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