大行评级｜古根海姆：重申特斯拉“卖出”评级及目标价175美元 实现自动驾驶将是一场“持久战”

Core Viewpoint - Guggenheim has reiterated a "sell" rating on Tesla with a target price of $175, citing concerns over the lengthy, costly, and risky rollout of the Robotaxi service [1] Group 1: Robotaxi Launch - The Robotaxi pilot program has commenced in Austin, but it still requires in-car personnel supervision, which contrasts with the market's expectation of fully autonomous operation [1] - The vision of fully autonomous driving is crucial for supporting Tesla's current high price-to-earnings ratio of 192 times [1] Group 2: Risks and Challenges - Analysts believe that achieving autonomous driving technology will be a "protracted battle," and if this process takes too long, the downside risk for investors will significantly increase [1] - The substantial cash burn, technological hurdles, and regulatory risks associated with the Robotaxi initiative are highlighted as major concerns [1]