Tesla CEO Elon Musk touted robotaxis by 2020 on Tesla autonomy investor day, and Wall Street was not impressed.
“The Tesla Network robotaxi plans seemed half baked, with the company appearing to either not have answers to or not even considered pretty basic question on the pricing, insurance liability, or regulatory and legal requirements,” Osborne added.
The event came two days before Tesla reports first-quarter earnings. Shares of Tesla are down more than 1% in premarket trading on Tuesday. The stock has fallen 21% year to date amid the company’s legal woes, disappointing deliveries and slowing demand.
Here’s what else analysts are saying about Tesla’s Autonomy Investor Day: