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Tesla's "Cybercab" global debut sends stock falling
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Stock Spotlight | Is Robotaxi the start of a new era for Tesla?

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Moomoo Learn joined discussion · Oct 10 15:59
Mark your calendars for October 10, as $Tesla (TSLA.US)$ hosts its highly anticipated 'Robotaxi Day.' The event is expected to showcase breakthroughs in self-driving taxi and humanoid robot technology.
With buzz building around potential game-changing announcements, investor enthusiasm has surged, pushing Tesla's stock price up more than 20% since August.
Source: moomoo, for reference only, past performance is not indicative of future performance.
Source: moomoo, for reference only, past performance is not indicative of future performance.
In this post, we'll dive into:
1. What Robotaxi means for Tesla.
2. The progress of autonomous driving.
3. Investment opportunities related to these developments.
Tesla: an electric vehicle company or tech company?
Tesla is still grappling with sales pressure in the electric vehicle market. In Q3, deliveries grew by just 6.6% year-over-year, falling short of expectations and reflecting the reality of sluggish industry demand. In this context, boosting profit margins is a tough challenge.
It’s clear that the fundamentals of electric vehicles alone can’t support Tesla's current valuation (a PE ratio of 68). This is why the company is striving to demonstrate that it’s not just a car manufacturer, but a tech company with great potential in the era of robotics and AI.
Robotaxi Day could significantly shape how the market views Tesla’s technological capabilities. The company is expected to unveil:
1. A new model designed for ride-hailing, featuring no steering wheel or pedals.
2. A fresh ride-hailing app.
3. Innovations in robot technology, such as robot charging systems.
Image source: Forbes. This is a conceptual illustration and not an actual vehicle.
Image source: Forbes. This is a conceptual illustration and not an actual vehicle.
Overall, the Robotaxi represents not just a new model or business, but also a fresh business model for Tesla, showcasing its AI capabilities and potential. It's no wonder Musk is generating so much buzz around it.
Snapshot from X
Snapshot from X
Autonomous driving industry at a turning point
Autonomous ride-hailing isn't new. In the U.S., Waymo ( $Alphabet-C (GOOG.US)$ ) and Cruise ( $General Motors (GM.US)$ ) already operate in cities like San Francisco, while $Baidu (BIDU.US)$ 's "Apollo Go" fleet is active in China, each handling around one million orders per quarter.
The industry's growth hinges on technology and regulation, but technology is key. A major point of interest is how much Tesla's supercomputer cluster, "Cortex", will enhance its autonomous capabilities.
If Robotaxi achieves technological maturity and successfully commercializes, it could mark the beginning of the Level 4 autonomous driving era.
Image from SAE International
Image from SAE International
Automakers are likely to be the first to benefit from breakthroughs in autonomous driving technology. Related stocks may include:
Next in line are the software and hardware suppliers that support autonomous driving, which involves a long supply chain. Key areas include:
2. High-precision maps and satellite positioning: e.g. $Alphabet-A (GOOGL.US)$ and $Trimble (TRMB.US)$
4. Autonomous driving system: e.g. $Aurora Innovation (AUR.US)$
Find investment opportunities on moomoo
First, opportunities in Tesla itself. While the Robotaxi launch is exciting, it’s important to focus on the fundamentals.
You can learn about Tesla's fundamental analysis framework in this course: [July.2024] Three Things to Consider When Reading Tesla's Earnings Report
On $Tesla (TSLA.US)$ 's stock page, you'll find comprehensive information, including financials, analyst ratings, valuations, and news.
Source: moomoo, for reference only, past performance is not indicative of future performance.
Source: moomoo, for reference only, past performance is not indicative of future performance.
Also, explore investment opportunities in Tesla's supply chain. On moomoo, go to Markets> US> Industry Chain> Tesla's Industry Chain to see related segments and stocks.
Stock Spotlight | Is Robotaxi the start of a new era for Tesla?
Another approach is to invest in concept stocks. On moomoo, you can click on Markets> US> Investment Themes to find two relevant thematic sectors: Autonomous Driving and Lidar Technology, allowing you to quickly browse related stocks.
Stock Spotlight | Is Robotaxi the start of a new era for Tesla?
If you're worried about the risks of individual stocks, you may look at an autonomous driving ETF. On moomoo, go to Markets> ETF> Thematic ETF to explore the Autonomous Vehicle ETFs.
Risk reminder
1. The Robotaxi launch event may disappoint investors.
2. The commercialization progress of Robotaxi remains to be seen, with limited short-term impact on company performance.
3. The development of the autonomous driving supply chain and related stocks may fall short of expectations.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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