Tesla company TSLA The “We, Robot” event is scheduled to take place on Thursday at 10pm EST, with investors hoping the event will give the stock a boost. Managing Partner of Deepwater Asset Management Jane Munster She reviewed the event in a note released Friday.
What's in the name: The name “We, Robot” was likely inspired by Isaac Asimov “A collection of short stories, ‘I Am a Robot,’” Monster said in the memo. Nee said the name of the event had raised hopes for ads related to Optimus and perhaps an expanded family of robots.
These products likely won't be available for at least five years, or more likely a decade, the technology venture capitalist said. “In other words, while it's important to hear what the company is thinking outside of cars, the crux of the event for investors is about what will be announced over the next two years, particularly the Model 2 and Robotaxi,” he said.
See also: How to Buy Tesla (TSLA) Stock.
Product ads: Munster said he expects announcements regarding three different vehicles at the event — a robotaxi, a Model 2 electric car, and a Cybervan.
Tesla will likely display a physical prototype of the Robotaxi at the event, Munster said. The model is expected to have a futuristic feel like the Cybertruck, without a steering wheel, pedals or mirrors. He added that the company is likely to display Robotaxi, which is called by the Tesla app to book taxis, and demonstrate its autonomous capabilities by maneuvering some type of path or road.
The fund manager said the Elon Musk-led company will likely preview the $25,000 Model 2 EV, also known as the Model A. He said the electric vehicle will have similarities to a Robotaxi car but will have a steering wheel, pedals and mirrors and will not require full self-driving. To operate it. “The body will be distinct from Robotaxi, but overall it will be the same production as Robotaxi,” he added.
The tech venture capitalist said Musk may surprise with plans to launch a fully autonomous passenger truck, potentially a Robotaxi XL that seats 8 to 10 people. “While the passenger van will be light on Tesla's signature sleek design, it will be heavy on leveraging autonomy for the vision of affordable passenger transportation,” he said.
The technology specialist said that this car will focus on dense urban areas and could play a role in the future of public transportation. He said this would expand the market allocated to passenger transportation services by 20%.
Why is it important: Tesla's core business of selling cars has not rebounded strongly from the stagnation it has seen since 2022, weighing on the stock. Analysts are now hoping that robotaxi companies and other ancillary companies will come to the rescue and give a boost to the declining stock.
Tesla founder Taurus and Arc Invest Cathie Wood He said In a recent interview with Yahoo Finance that the software-as-a-service model, tied to Tesla's self-driving system, has a gross margin of over 80% compared to gross margins of 15-30% on the electric vehicle side. She added that analysts will therefore have to raise their expectations.
Tesla ended Friday's session 3.91% higher at $250.08, according to Benzinga Pro Data.
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