Robotaxi launch will be ‘X-mas morning for Tesla bears,' says Wall Street analyst

Core Viewpoint - Tesla's upcoming robotaxi service launch has raised skepticism among analysts, particularly regarding the readiness of its Full Self-Driving (FSD) technology, which could negatively impact the company's stock performance [1][2][5]. Group 1: Robotaxi Launch Concerns - Tesla CEO Elon Musk announced a tentative launch date for the robotaxi service on June 22, which may shift to June 28 due to safety concerns [1][2]. - Analyst Gordon Johnson expressed doubts about the FSD technology's readiness, suggesting that the launch could be detrimental to Tesla's stock, labeling it an "ideal day for bears" [2][5]. - Johnson's concerns are supported by data indicating that Tesla's autonomous system is involved in a crash every 244 to 492 miles, with independent research suggesting failures as frequent as every 13 miles [3][4]. Group 2: Implications for Tesla's Stock - Johnson argues that delaying the robotaxi launch could benefit Tesla shareholders by maintaining high valuations for a business model that he believes is not yet viable [4][5]. - A public launch could expose ongoing shortcomings in the FSD technology, potentially leading to a decline in the hype surrounding it [5][6]. - Despite the skepticism, TSLA shares opened trading up 2.5% at $334, with a nearly 5% increase over the past week, partly influenced by Musk's changing relationship with former President Trump [6][9]. Group 3: Market Sentiment - Morgan Stanley maintains a bullish outlook on Tesla, with a price target of $410, suggesting that the recent public spat between Musk and Trump may have been a strategic move [9].