Elon Musk Promised “a Million Robotaxis” by 2020. None Materialized, and a Dedicated Robotaxi Fleet Isn’t Expected Until at Least 2027. Here’s What That Track Record Means for Tesla’s Valuation.
By now, most of us are used to Tesla (NASDAQ: TSLA) CEO Elon Musk making bold claims. One of the latest is that one of his other companies, Space Exploration Technologies, could eventually be the world’s most valuable company.
And his claims about Tesla have been very ambitious, too. Musk said in 2019 that Tesla could have “a million robotaxis” by the end of 2020 using software upgrades to existing vehicles.But to date, just several hundred of Tesla’s vehicles are part of its Robotaxi service.
Here’s why continually missing bold timelines could catch up with Tesla stock.
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