WionDrive News Desk 
Tesla CEO Elon Musk will face scrutiny from investors and analysts regarding the company’s robotaxi ambitions during the upcoming quarterly earnings report on Wednesday. This follows a recent unveiling of the self-driving vehicle that garnered significant attention but left many details unclear, leading to a drop in Tesla’s stock price.
Musk’s presentation, lasting about 20 minutes, introduced the robotaxi concept but did not include a Q&A session, leaving investors eager for clarification on the plans and timelines. The lack of specifics during the event has heightened concerns, prompting many to focus on the core business of vehicle sales, which is facing challenges.
Analysts anticipate that Tesla will report a decline in its third-quarter profit margins due to increased incentives aimed at attracting electric vehicle buyers. Furthermore, the company is likely to experience its first annual drop in vehicle deliveries, impacted by rising competition from more affordable EVs in China and new offerings from traditional US automakers.
Key areas of interest for Wall Street include details about the robotaxi and Tesla’s Full Self-Driving (FSD) technology. A significant portion of Tesla’s USD 700 billion market valuation is predicated on Musk’s assertions that its Autopilot software will be integral to the robotaxi business model. Investors will likely inquire about production timelines and sales strategies during the post-earnings call.
Musk has previously indicated that the robotaxi is slated for production in 2026, with an expected price tag under USD 30,000. He also announced plans for unsupervised operation of the FSD software to begin next year in California and Texas.
Concerns over Tesla’s autonomous driving plans have intensified recently, as the U.S. auto safety regulator opened an investigation into 2.4 million vehicles equipped with FSD software, following four reported crashes, including a fatal incident in 2023.
As of the end of the second quarter, Tesla reported that its cars had driven over 1.6 billion miles using the latest version of its FSD software, and the company is offering interest-free financing for customers who purchase FSD alongside Model 3 or Model Y vehicles.
