Tesla to unveil Robotaxi later this year, but one bull says it's 'not the answer'
) chief executive Elon Musk whetted investor appetite after detailing plans to unveil its robotaxi product on Aug. 8, but one prominent Tesla bull believes it isn't the answer to help restore faith in the EVs maker's future growth.
Last week, Tesla reported that first-quarter deliveries fell 8.5% from a year earlier, drawing negative remarks from a slew of analysts on Wall Street pressuring the stock to add to its nearly 30% losses year to date. Uncertainty on whether Tesla still plans to launch the Model 2, which was set to hit the roads by late 2025 or early 2026, has come under spotlight following a Reuters report that Musk had scrapped plans to launch a cheaper EV. Musk, however, denied the report that Model 2 had been binned.
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