What You Need To Know Ahead of Tesla's 'Robotaxi' Event Next Week

Tesla (TSLA) is expected to unveil its autonomous "robotaxi" connected Thursday, Oct. 10, aft nan event was delayed from its original day successful August, pinch analysts expecting a number of updates from nan electrical conveyance (EV) maker.

Deutsche Bank and Wedbush analysts wrote precocious that they expect to spot a demo of nan vehicle, rumored to beryllium called nan "Cybercab," on pinch projections of really overmuch nan robotaxi will costs to operate, wherever it will beryllium produced and beryllium available, and what Tesla's type of a ride-sharing app could look like.

Analysts Expect Robotaxi Details, Other Updates

The analysts besides said they expect that Tesla could show a new, lower-cost conveyance that has been a institution extremity for years, on pinch different updates connected its self-driving software, its Optimus humanoid robot, and more.

Wedbush analysts, reiterating an "outperform" standing pinch a $300 value target, said they "continue to believe Tesla is nan astir undervalued AI sanction successful nan market," and spot nan robotaxi unveiling arsenic a "seminal and humanities day" successful its history. Deutsche Bank analysts, who person a "buy" standing and a $295 value target, said they are optimistic headed into nan event, but admit that precocious expectations could lead investors to "sell nan news" pursuing nan event.

Overall, analysts are much divided connected Tesla stock. Of nan 19 analysts tracked by Visible Alpha, 9 person "buy" ratings, 7 person "hold," and 3 person "sell" ratings, pinch an mean value target astatine $218.61, astir 12% beneath Wednesday afternoon's level of astir $248 a share.

Tesla shares person recovered aft a important selloff successful nan first half of nan year, but fell astir 4% Wednesday aft its third-quarter deliveries figures failed to impress. They are fundamentally level connected nan year.