Veteran Tesla analyst makes boldest robotaxi call yet
Veteran Tesla analyst makes boldest robotaxi call yet originally appeared on TheStreet.
The closer we get to Tesla's () robotaxi debut on Sunday, the hotter things get.
Though it's been patchy, Tesla bulls would argue we're finally getting close to what could be a watershed moment for the business.
💵💰💰💵
Analysts have been talking up Tesla's self-driving game for a while.
Few have built a serious reputation on bold, on-point calls. Now, one veteran bull just upped the ante on the robotaxi event, calling this the potential start of Tesla's 'golden era of autonomous.'
Truth be told, Tesla's robotaxi rollout turned out bumpier than expected.After Tesla's maverick CEO, Elon Musk, teased an Austin debut in May, things have proven rather rocky.
Just yesterday, a band of seven Texas lawmakers called on the EV giant to pump the brakes on its trials until September's tougher AV rules to kick in.
Then there's the safety concern, which adds another layer to the dynamic.
In mid-June, a Cybertruck prototype drifted into oncoming traffic while on FSD. Days later, a Tesla Model 3 stalled on train tracks, getting clipped in the process.
These hurdles and fresh incidents suggest the vision-only autonomy might still be brittle. Meanwhile, Tesla's robotaxi competition in the likes of Waymo and Cruise continues chugging along in geofenced zones.
These companies have taken a more cautious route with safety drivers and slow expansions.
Tesla, on the other hand, appears to be going full throttle, relying heavily on its massive owner fleet and Musk's no-brakes style.
For now, though, hiccups have weighed down Tesla's stock price, which has settled back into the low $320s.
More Tesla Stock News:
Tesla robotaxi launch hits major speed bump
Musk's AI chatbot weighs in on Tesla stock and Robotaxi
SpaceX faces a surprising rival Tesla is already battling
Nevertheless, Tesla has repeatedly proved the naysayers wrong, and it's operating in what could become a multi-billion-dollar market.
Grand View Research estimates the global robotaxi market at $1.95 billion last year, potentially soaring to $43.76 billion by 2030 (a staggering 73.5% CAGR from 2025).
In an X post today, the veteran tech analyst deemed Sunday's robotaxi rollout in Austin 'the golden era of autonomous' for Tesla.He feels this chapter could be the biggest in Tesla's rich history, tipping its AI roadmap as a potential $1 trillion valuation boost over the coming years.
To put things in perspective, that's double the stock's current worth at around $1.1 trillion.
Ives sees the event as a high-stakes test of autonomy at scale.
If the technology can effectively live up to the hype, investors could be looking at a paradigm shift in both ride-hailing and Tesla's market positioning.
Even though the initial fleet may seem relatively modest (20 Model Ys), Ives believes a quick ramp to some 25 U.S. cities over the next year is possible.
Moreover, he lauded Tesla's unmatched scale, including its massive fleet, global footprint, and deep data trove. Also, beyond operating its network, Ives feels Tesla could license its Full Self-Driving stack to traditional automotive players, opening up a huge, long-term revenue stream.
Sure, there are likely to be some speed bumps.
These include tricky regs, politics, and a race towards full autonomy. However, Ives still sees Tesla as having the competitive edge due to its software muscle, hardware control, and deep pockets.
It's important to note that Dan Ives has been a Tesla bull for years, even through the rough patches. He's voiced his support for the stock, stating that his 'longstanding bull view of Tesla remains'.
Wedbush maintains an 'Outperform' rating on Tesla stock with a lofty price target of $500. This target represents a whopping 55% upside to the stock's current price, which is hovering near the $321.3 mark.Veteran Tesla analyst makes boldest robotaxi call yet first appeared on TheStreet on Jun 20, 2025
This story was originally reported by TheStreet on Jun 20, 2025, where it first appeared.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
43 minutes ago
- Bloomberg
Trump's Twists and Turns Over Iran Leave Oil Traders Hanging
The oil market is wrestling with Donald Trump's next act in the conflict between Iran and Israel, with the US president's every utterance over the fighting seemingly capable of spiking or crashing prices. In a wild week, Brent futures have surged 11% from before Israel attacked its nemesis, but with sharp moves up and down from one day to the next.
Yahoo
44 minutes ago
- Yahoo
Is Net Worth More Important Than A High Salary? Some Say Yes, Others Argue A High Salary With Low Net Worth Is 'Much Easier To Fix'
When a Reddit user recently posted a rant claiming that net worth is more important than salary, it sparked a heated debate. The post criticized people who flaunt six-figure incomes but have little to show for it. The author questioned the value of a high paycheck if it all disappears to debt and lifestyle costs. 'Who cares what you make if you are still broke,' they wrote. The poster argued that plenty of six-figure earners live paycheck to paycheck and flex their income despite being buried in debt. 'I would rather make 50k a year and have 250k NW, than 150k a year and be in debt,' they wrote, adding, 'Having high NW displays financial discipline and competence.' Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can Some people agreed, pointing out that income is only one part of the story. 'I worked with a guy who made over 100k,' one commenter wrote. 'Refused to save anything, not even 401(k). He bought anything and everything he wanted. He's still doing it.' Others pushed back, saying a high salary gives you more options and flexibility. 'Give me the high salary and low net worth. Much easier to fix,' one person said. Another argued, 'That 150k [salary] can erase debt and build a 250k NW a hell of a lot faster than the 50k / 250k one can increase.' A more detailed reply laid out how someone earning $150,000 could contribute aggressively to retirement, get employer matches, and outpace someone with a smaller income within a few years. 'You could waste ALL of your 126.5K minus taxes and end up with a quarter mill in 5 years,' the commenter explained. Trending: Maximize saving for your retirement and cut down on taxes: . Despite disagreements, one consistent theme emerged: discipline matters more than raw numbers. 'If you have an uncontrollable spending problem, it doesn't matter how much you make,' a user wrote. 'You can make 1 million a year and if you still spend 1.2 million you're an idiot.' Another summed it up this way: 'Net worth isn't always a sign of discipline but your post is well taken. If I made a million dollars per year for one year it doesn't make you rich.' Several pointed out that net worth often includes illiquid assets like homes, which can inflate the numbers without improving someone's day-to-day finances. 'You can't access your 401(k) without paying a penalty... unless your net worth is mostly comprised of cash in a mattress, a low salary and high net worth won't increase your buying power,' one user the end, some people argued that the best position is to have both: a strong income and disciplined saving habits. Consistent contributions to your retirement—while increasing the percentage over time— and positive cash flow are even more important, as those will build your net worth over time. A high income can fuel savings and investment, while net worth provides security when income slows down. Building both and understanding how they support each other is what creates lasting financial stability. Read Next: Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Is Net Worth More Important Than A High Salary? Some Say Yes, Others Argue A High Salary With Low Net Worth Is 'Much Easier To Fix' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
44 minutes ago
- Yahoo
ThinkCareBelieve: Week 22 of America's Rise to Greatness under President Trump's Leadership
Washington, DC, June 21, 2025 (GLOBE NEWSWIRE) -- Link to ThinkCareBelieve's Article: has published an article about Week 22 of America's rise to greatness. This week entailed outstanding leadership by a steady hand through choppy waters and ThinkCareBelieve's article shows how the President kept moving forward at a strong, surefooted pace. ThinkCareBelieve's article has important progress made at the G7 and the signing of major trade agreements as tensions between Iran and Israel took place. The message from Press Secretary Karoline Leavitt this week was "Trust in President Trump." Great nations are made because of great leaders and this week was proof of it. America has just had the highest wage increase in 60 years and the article has it. Real blue collar wages are up nearly 2%! America's low inflation and rising wages is a sure sign of success. Two new 88 foot high flag poles were installed this week, a magnificent addition to the White House grounds. The article has the latest on the status of student visas from Secretary of State Marco Rubio and President Trump's approval numbers keep going up! The article covers the Genius Act being passed by the Senate and the announcement that 70,000 people have signed up for President Trump's Gold Card Visa. The article has an abundance of reasons the One Big Beautiful Bill will benefit Americans. The OBBB will drive growth and supercharge the American economy. The article even has a tax-free tips and overtime calculator to see the average savings in your state: The article has statements by Dr. OZ the Administrator of the Center for Medicaid and Medicare Services on just how the One Big Beatiful Bill will help the most vulnerable of us who will suffer if the OBBB is not passed. The article also covers the great strides made by Secretary Kennedy convincing major food manufacturers to remove artificial food dyes and chemicals from their foods. The article also has an announcement by U.S. Attoney Jeanine Pirro of the U.S. Department of Justice crackdown on Crypto Currency Confidence Scams with confiscation and seizure of stolen money being returned back to the victims. Numerous investigations commenced this week and ThinkCareBelieve's article has the surge in attacks on ICE as they tried to do their jobs arresting criminal illegal aliens, catching child predators and dismantling trafficking networks. President Trump is the Man in the Arena and we are witessing history seeing how this man leads us through the muck and the mire to peace and prosperity in America's Golden Age. is an outlook. ThinkCareBelieve's mission for Peace advocacy facilitates positive outcomes and expanded possibilities. To achieve Peace, we will find the commonalities between diverse groups and bring the focus on common needs, working together toward shared goals. Activism is an important aspect of ThinkCareBelieve, because public participation and awareness to issues needing exposure to light leads to justice. Improved transparency in government can lead to changes in policy and procedure resulting in more fluid communication between the public and the government that serves them. America needs hope right now, and Americans need to be more involved in their government. ### CONTACT: CONTACT: Joanne COMPANY: ThinkCareBelieve EMAIL: joanne@ WEB: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
