Reported 8 months ago
RBC Capital Markets Global Autos Analyst Tom Narayan has reduced Tesla's price target due to concerns about the robotaxi project, anticipating challenges like lower rideshare pricing and higher revenue shares for platforms like Uber and Lyft, which could impact robotaxi's valuation. Despite this, Narayan believes robotaxi will be Tesla's major value contributor, but highlights that the main obstacle is not technological but infrastructural, requiring cities to adapt for this technology. The adaptation of cities to accommodate safe robo taxi rollouts is considered the biggest hurdle by Narayan.
Source: YAHOO