Analyst With Sell Rating on Tesla (TSLA) Says Market Got ‘Too Carried Away’ With Robotaxi, ‘Skeptical’ of Full Launch in 2026

Group 1 - The market has become overly enthusiastic about Tesla's robo taxi initiative, with skepticism regarding a full launch in 2026 without safety drivers and operational parameters [2][3] - Tesla is perceived to be priced as if it will surpass competitors like Waymo and capture market share from Uber and Lyft in the ride-hailing sector [2][3] - The Macquarie Large Cap Growth Fund has never held Tesla due to its failure to meet quality standards, highlighting the stock's volatility and history of missed earnings expectations [3] Group 2 - Despite acknowledging Tesla's potential, the fund expresses a stronger conviction in AI stocks that may offer higher returns with limited downside risk [3]