Tesla's Robotaxi Launch Looms as Trump-Musk Feud Cools Off, Wedbush Says
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Tesla's Robotaxi launch in Austin is anticipated this week, although Wedbush Securities notes the timing is not ideal. The firm suggests that the feud between Elon Musk and Donald Trump is easing, which could benefit Tesla's initiatives. They estimate the AI and autonomous opportunity for Tesla is worth at least $1 trillion and expect Robotaxi deployment in 20 to 25 US cities within the year. Wedbush maintains an outperform rating on Tesla with a $500 price target, as shares rose 0.3% recently.
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