1. Tesla tests robotaxis in Austin without a safety monitor. 2. Goldman Sachs maintains Neutral rating with a $400 price target. 3. Analyst notes progress in autonomous technology may accelerate scaling. 4. Expecting U.S. rideshare market for AVs to reach $7 billion by 2030. 5. Tesla's FSD software has received positive reviews and shows potential.
FAQ
Why Bullish?
Progress in autonomous vehicles aligns with Tesla's long-term growth strategy, exemplified by previous stock surges post-announcements on similar technology advancements.
How important is it?
The article discusses a significant shift in Tesla's operational capabilities that may positively influence investor sentiment and future profitability.
Why Long Term?
The advancements in robotaxis and autonomy will impact long-term profitability as market demand for autonomous ridesharing grows.