Tesla investors grow wary of Elon Musk robotaxi promises

From TeslaVehicle sales are decreasing, profit examining and income from regulatory loan sales is preparing to dry due to policy changes under the leadership of the Republic.

In the past, CEO Elon Musk’s futuristic promises convinced investors to look at the number of top and bottom lines.

Not now.

After another gloomy earning report this week, Musk said to analysts, Tesla’s electric vehicles will soon be driverless and earn money for the owners while sleeping. In addition, Tesla’s Robotaxi service, which Austin has recently started to test in a limited capacity in Texas, said that “we have regulatory approvals” will expand to other states in order to reach half of the US population by the end of the year.

It didn’t matter.

Tesla shares, investors, especially in China, the rapid rise of low -cost home competitors and a political response to Tesla’s brand in the United States and Europe, including a political response focused on the urgent difficulties faced by the company focused on Thursday.

Automotive sales decreased by 16% annually in the second quarter for home manufacturer and weak sales figures CIn Europe and California. Musk said that there may be several coarse neighborhoods “due to home loans and President Donald Trump’s tariffs.

The stock returned on Friday, won 3.5%, but still ended the week, and now the worst performance between Megacaps of Tech fell 22% this year. NASDAQ increased by 1% for the week and increased by more than 9% in 2025 and closed with a record on Friday.

“Look, we love Robotaxis. And robots,” the analysts who propose to buy Tesla’s shares in Canaccord Genuit wrote with a note after the earning report. “Over time, Tesla is a good position to take advantage of these future advanced opportunities.”

However, analysts said they said they focused on profit and loss of declaration: “But here and now we love growth. We need P& l dynamics to return.”

Jeferveries analysts described the earnings update as “a little boring”. Goldman Sachs said Tesla’s Robotaxi effort was “still small” with limited technical data points.

Tesla did not respond to the request for comment.

Previously called “pathologically optimistic”, Musk was able to shake the shareholders and from time to time with the promises of cars, humanoid robots and more affordable houses.

However, after ten -year missed deadline dates for autonomous driving, Wall Street follows Tesla’s remaining behind Alphabet In the USA, Waymo and Baidu’s Apollo is going to China.

Tesla’s shareholder deck, the company, the second quarter “electric vehicle and renewable energy industries to the lead, robots and relevant services to be the leader of the transition to the beginning of the beginning of the transition, he said. The company did not offer a new guidance for growth or snow for the coming year.

Work inside He said that the Robotaxi service of Tesla on Friday could start in San Francisco Gulf Region as soon as possible this weekend.

However, Tesla confirmed that CNBC did not apply for permission to run a driver’s driving service in California. The company will first need powers from the State Motor Vehicles Department and California Public Services Commission (CPUC).

CPuc, CNBC on Friday, a statement, under the current permissions Tesla’nın only a human -guided rented vehicle service can operate, Robotaxis’te can not carry passengers, he said.

In the call for earnings, Musk and other Tesla executives claimed that the company was working on regulatory approvals to start in Nevada, Arizona, Florida and other markets in addition to San Francisco, but did not provide any details about what would be necessary.

In Austin, the company said that the Robotaxi service lasted 7,000 miles and Tesla’s robotax has limited ways with a speed limit of 40 miles per hour. The Austin service includes a small fleet of about 10 to 20 model Y tools equipped with self -drive systems.

Tesla Robotaxis rely on remote control by a human security supervisor in the front passenger seat, which is ready to intervene if necessary.

Compare this with what the alphabet says in the second quarter earnings.

“The Waymo driver now lasted more than 100 million miles on public roads, and the team is testing in more than 10 cities, including New York and Philadelphia this year.” He said. Meanwhile, Waymo has become important enough to add a category to the other betting revenue statement at the end of the Alphabet. Three -month filing.

Filling, “other bets, revenues, autonomous transportation services, health -related services and internet services are produced from the sale.” He said. Other bets remain relatively small and income comes in a quarter of $ 373 million.

Whatever investor skepticism, musk rise more than ever.

Friday, the richest person in the world published Tesla on the social network, one day, 20 trillion dollars worth a worth of the X. week call for earnings, cars and robots for artificial intelligence, “Tesla is actually much better than Google” and “Real World AI is much better than everyone else,” he said.

Correction: The Waymo driver, according to Alphabet, lasted more than 100 million miles on public roads. An previous version of the miles misleaded.

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