Tesla Investors grow up on the welcome promises of Elon Musk Robotaxi

At TeslaThe sale Policy changes.

In the past, the CEO Elon Musk Futuristic promises convinced investors to view past and lower numbers.

Not now.

Following another pretty gloomy Report of income This week, Musk told the call analysts that Tesla electric vehicles would soon be without drivers, making money for the owners when they are sleeping. He also stated that the Robotaxi Tesla service, which the company recently started testing in limited quality in Austin, Texas, expanded to other states, with the aim of reaching half the US population by the end of the year, “believing that we have normative permits.”

It didn’t matter.

Shares of tesla collapsed 8% on Thursday, when investors focused on the immediate problems facing the company, including rapid growth of competitors with lower EV, especially in China, and a political reaction against Musk, which caused damage to Tesla and Europe brand.

In the second quarter of car sales decreased by 16% compared to the year for EV manufacturer, with Weak sales rooms Cpressing in Europe and California. Musk said that there could be “a few rough quarters” ahead of the end of the terms that ended EV and President Donald Trump Tariffs.

On Friday, the shares jumped back, scoring 3.5%, but still ended the week and has now fell this year, which this year, the worst performance among Megacaps Tech. Nasdaq increased by 1% a week and increased by more than 9% in 2025, closing the record on Friday.

“Look, we love Robotaxis. And robots,” writes Canact Genuity analysts who recommend buying Tesla stock, in a note after a profit report. “Over time, Tesla has the opportunity to take advantage of these opportunities in the future.”

Analysts, however, stated that they focus on the statement of profits and losses, writing: “But we also love growth, here and now. We need the dynamics of P&L.”

Analysts in Jefferies described the profit update as “a little sad”. And Goldman Sachs said the efforts of Tesla Robotaxi “still little” with disabilities.

Tesla did not respond to a comment request.

Mus called himself “Pathologically optimistic,” he was able to shake shareholders and send shares that sometimes take off with the promises of self -government, humanoid robots and More Available EVS.

But after a decade missed independent terms in the field of autonomous riding, Wall Street watches as Tesla lags behind Alphabet Wayima in the US and Apollo Baida go to China.

In the Tesla shareholder deck, the company stated that the second quarter noted the beginning of its “transition from the leading electric car and the renewable energy industry before becoming a leader in II, robotics and related services.” The company did not offer new recommendations for growth and profit for a year ahead.

Business – isinsider On Friday, it was reported that Tesla reported that employees that the Robotaxi service could launch the San Francisco Gulf as soon as this weekend.

But Tesla has not applied for the permits that will be required to launch the fare without drivers in California, confirmed CNBC. Companies will first need permits from the State Department of Automobile vehicles and the California Communal Services Commission (CPUC).

On Friday, CPUC told CNBC that with the existing Tesla permits, it could only work on a diplomatic vehicles driven by human and not carry passengers in roboticis.

At the call call, Moscow and other TESLA performers claimed that the company was working on the normative approval for launching in Nevada, Arizona, Florida and other markets except San Francisco, but did not offer any details about what it would be.

In Austin, the company said his Robotaxi service had driven 7000 miles, and Tesla restricts his roboticis on the roads with a speed of 40 mph. Austin’s service includes a small fleet of 10 to 20 model cars equipped with the latest company self -government systems.

Tesla Robotaxis counts on the remote supervision of employees at the Customer Service Center and the Head of the Human Security in the front passenger seat, ready to interfere if necessary.

Compare this with what the alphabet said on its Profit in the second quarter Call the same day as Tesla results.

“The Waymo driver has now autonomously drove over 100 million miles on the public public, and the team checks more than 10 cities this year, including New York and Philadelphia,” the alphabet said. Meanwhile, Waymo has become significant enough that the alphabet added the category to other revenue descriptions in rates in the last last A quarterly filing.

“Revenues from other rates are obtained primarily from the sale of autonomous transport services, services related to health and online services,” the application reads. Another rates segment remains relatively small, and the quarter’s profit amounted to $ 373 million.

Regardless of investor skepticism, Musk is more bullish than if -no.

Friday is the richest man in the world published In his social network X, which, in his opinion, Tesla, if -will cost 20 trillion. At the beginning of the income at the beginning of the week, he said that when it comes to AI for cars and robots, “Tesla is actually much better than Google, and” much better than anyone in the real world of AI. “

Correction: The Waymo driver is now autonomously traveled over 100 million miles on public roads, according to the alphabet. The previous version imposed the number of miles.

See: Heavy quarter for Tesla