Wall Street analyst has suggested that Tesla (Nasdaq: TSLA) for electric vehicles (NASDAQ: TSLA) has entered the afternoon of “tricks”, and focuses on its basic work after launching the Robotaxi service in Austin.
According to Gordon Johnson, the basic EV works in Tesla are in a structural decrease, and the company is increasingly tending to great technical demonstrations to distract attention from deep issues. mail On June 28.
The analyst believes that with the weakening of the basic Tesla operations, the company is likely to intensify promotional glasses and future technical promises to maintain the interest of the market.
In his opinion, Tesla depends on future expectations while lagging behind the current performance, and the more clear the company’s basic cracks.
Regarding Robotaxi’s operation, Johnson has argued that technology does not work as it promised and that only prematurely unveiled it enhances the Habudiya views about the company’s future.
Robotaxi Auditing
It is worth noting that the first time, Tesla’s Robotaxi, on Sunday, audited from the federal organizations after testing vehicles I made noticeable errorsIncluding wrong leadership, sudden stop, insecure passengers, and even collision with restrictions.
Although there are human safety observers on the plane, the demonstration did little to dispel concerns about its fully regime’s willingness (FSD).
This comes at a time when Tesla continues to struggle in the market, facing decrease in sales and escalating pressure from low -cost Chinese manufacturers.
Financially, the margin of the total cars in Tesla decreased to about 16 % in the first quarter, a decrease from an increase in the epidemic by 25 %. The company strongly bowed on price cuts and financing the zero interest to enhance size, but these strategies came at the expense of profitability, which raises concerns between analysts.
It is more complicated by Tesla’s view of the transformation of general feelings, as the image of the CEO of Elon Musk is increasingly polarized, which is formed through controversial social media activity and political disputes, may erode goodwill between some investors and consumers.
Tesla share price analysis
Meanwhile, after receiving a preliminary batch of Robotaxi’s launch, Tesla Stock recovered since then. At the end of the last market session, TSLA was trading at $ 323, a decrease of 1.4 %. Last week, the share price decreased by 1.2 %.
As, Tesla shares need to stick to the 300 dollar support level. If the company can reassure investors about the safety of Robotaxi, the arrow has a strong opportunity to target the $ 400 brand.
Distinctive image via Shutterstock
