Tesla (TSLA) Stock Slides 6% on Cybercab Letdown, But Goldman Sees a Silver Lining
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Goldman Sachs Delivers Stark Message on Tesla Stock
This article first appeared on GuruFocus. Tesla (NASDAQ:TSLA) could gain a cost advantage in the robotaxi market through its Cybercab, but Goldman Sachs says software performance will be more important to the business case. Tesla began robotaxi rides with Cybercab following its Sept. 3 event in…
Tesla (TSLA) Stock Slides 6% on Cybercab Letdown, But Goldman Sees a Silver Lining
TLDR TSLA stock dropped 6% after Tesla’s Sept. 3 Cybercab event disappointed investors Goldman Sachs analyst Mark Delaney sees a potential $0.05 to $0.30 per-mile cost advantage for Tesla over rivals like Waymo Delaney maintains a Hold rating and $360 price target on TSLA Tesla has completed one...
The Tesla action fell by 5.9% on Friday 4 September, following the launch of the Cybercab in Austin, Texas. Investors were waiting for more details on the new robotaxi, including its price, capacity, production schedule and the pace of deployment of the future standalone service. The launch took place during a [...] The Tesla article: Cybercab holds and drops the action appeared first on Managers.
The Tesla Cybercab lifted the stock, but also quickly brought a rebound. The launch of Tesla's self-driving car Cybercab caused a lot of excitement, but it also got a backlash just as quickly, said automotive journalist Karl-Eduard Salumäe. Tesla, Stock, Artificial Intelligence, Transportation, Cars, Future Technology, USA, Movement.
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