Should You Buy Tesla Stock Before June 12?

Core Insights - Tesla has faced significant stock volatility due to challenges in its core EV business, CEO Elon Musk's controversial actions, and anticipation surrounding future initiatives like robotaxis [1][4][10] Robotaxi Initiative - Tesla plans to launch a small group of robotaxis in Austin, Texas, on June 12, which is expected to be a significant new revenue stream [2][6] - The initial launch will feature 10 to 20 Tesla Model Ys with human supervisors, operating in geofenced areas of Austin [6][7] - Musk has indicated that there could be 1,000 robotaxi units on the road within a few months, although the effectiveness of the full self-driving (FSD) technology remains debated [7][8] Current Business Performance - Tesla reported only 337,000 deliveries in Q1, the lowest in over two years, indicating struggles in its core EV business [4] - There are no signs of improvement in Q2, and Tesla's stock continues to trade at a high multiple [4][10] Market Expectations - The market appears to be pricing in the success of robotaxis and other future initiatives, such as the Optimus humanoid robots [10] - Analysts suggest that expectations for the June 12 launch should be tempered, as the FSD technology's performance is still uncertain [8][9] Long-term Outlook - While the long-term prospects for Tesla in the autonomous driving sector remain positive, the current valuation may be overly optimistic given the uncertainties surrounding the new business model [10]