Tesla investors grow wary of Elon Musk robotaxi promises

in TimingVehicle sales decline, profits thinning, and revenues are preparing from organizational credit sales to dry them due to the leadership of Republicans Politics changes.

In the past, CEO Elon Musk Future promises convinced investors to search for the upper and lower result numbers.

not now.

Another somewhat bleak Profit report This week, Musk told the analysts about the call that the Tesla electric cars will soon be a driver, and earn money for the owners during sleep. He also said that the Tesla’s Robotaxi service, which the company recently started testing as limited in Austin, Texas, will expand to other states, with the aim of being able to reach half of the United States population by the end of the year, assuming that we have organizational approvals. “

It doesn’t matter.

Tesla shares Decline 8 % on Thursday, when investors focused on the immediate challenges facing the company, including the rapid rise in low -cost competitors, especially in China, a political reaction against musk that affected the Tesla mark in the United States and Europe.

Car sales decreased by 16 % on an annual basis in the second quarter of EV manufacturing, with Weak sales numbers COntinuing in Europe and California. Musk said that there could be “a few quarters” before the EV credits end and President Donald Trump Definitions.

The stock bounced again on Friday, when it got 3.5 %, but still ending the week and now decreased by 22 % this year, which is the worst performance between Megacaps for technology. The Nasdaq Stock Exchange increased by 1 % for the week and rose more than 9 % in 2025, closed in Friday’s record.

“See, we love robots. And robots,” said analysts at Canaccord Genuity, which is recommended to purchase Tesla shares, in a note after the profit report. “Over time, you are in a good position to take advantage of these upcoming opportunities in the future.”

However, analysts said that they focus on explaining profit and loss, they write: “But we also love growth, here and now.

Analysts at Jefferies described the profit update as “a little boring”. Goldman Sachs said that the efforts of Tesla’s Robotaxi “are still small” with limited technical data points.

Tesla did not respond to a request for comment.

Musk, which has already been Call “Optimistic from a pathological point of view,” I managed to influence shareholders and send high -rise shares at times with promises to self -driving cars and human robots More EVS at reasonable prices.

But after a decade of the appointed dates imposed on the independent leadership, Wall Street Tesla is watching backward alphabet Emo in the United States and Bido Apollo go in China.

On the roof of the shareholders in Tesla, the company said that the second quarter was the beginning of “its transition from the driving of electric vehicles and renewable energy until it is also a pioneer in artificial intelligence, robots and related services.” The company has not provided any new guidelines for growth or profits for the coming year.

Business Insider It was reported on Friday that Tesla told the Robotaxi service employees in the San Francisco Bay area as soon as the end of this week.

But Tesla has not applied for permits that will be required to run a California driver, CNBC confirmed. The company will first need licenses from the state’s Ministry of Cars and the California Public Utilities Committee (CPUC).

On Friday, the CPUC CNBC told existing permits, Tesla can run a human -dependent relying vehicle service, and do not transport passengers in robotics.

In the profit call, Musk and other Execs Tesla claimed that the company is working on organizational approvals to launch it in Nevada, Arizona, Florida and other markets, as well as San Francisco, but it has not provided details about what would be required.

Within Austin, the company said that the Robotaxi service has paid 7000 miles, and that Tesla restricts robots on roads with 40 miles per hour. Austin’s service includes a small fleet of about 10 to 20 Yi -style vehicles equipped with the latest Self -driving systems.

Tesla Robotaxis depends on distance supervision by employees at the Customer Service Center, and supervisor of human safety in the front passenger seat, ready to intervene if necessary.

Compare it with what Alphabet said on The second quarter profits Call the same day as Tesla results.

“The Waymo driver has now independently of more than 100 million miles on public roads, and the team tests more than 10 cities this year, including New York and Viladelphia.” Meanwhile, Waymo has become important enough to have added a category to describe other Bets revenues in the latest Submit a quarter annual.

The file said: “Revenue from other bets is being created primarily from the sale of independent transportation services, health care services and Internet services.” The other betting sector remains relatively small, as revenues amounted to $ 373 million per quarter.

Regardless of investor doubts, musk is more upward than ever.

Friday, the richest person in the world to publish On its social network X, which is believed to reach $ 20 trillion. In the profit call earlier in the week, he said that when it comes to the Higher Organization for Cars and robots, “Tesla is much better than Google” and “much better than anyone in the real world.”

Correction: The Waymo driver has now made more than 100 million miles on public roads, according to Alphabet. I made a previous version in the number of miles.

He watches: A quarter difficult for Tesla