By Akash Sriram
(Reuters) -Tesla investors would like to ask CEO Elon Musk two urgent questions when the maker of the electric vehicles reports the results on Tuesday: when is the affordable vehicle launching and is the robotaxi plan on schedule?
Wall Street has spelled its hope for a cheaper car – promised at the end of the first half of this year – to revitalize the sale of Tesla Revitalize affected by competition and retribution to Musk's extreme right.
Reuters reported exclusively on Friday that plans for an affordable Tesla include a stripped version of its best -selling model Y SUV in the US, but its production has been delayed for months.
“The cheap Tesla is perhaps the only thing that momentum could turn around. If it is ultimately a bare bone version of the model Y, we think the street can be disappointed. Elon really has to hit the deadline and touch the vehicle itself,” said Will Rhind, CEO of the global ETF emittent graniteshares.
Tesla needs a victory. Since the sale has been set, it also applies that the margins – Wall Street estimates that the gross margin of the company probably reaches the lowest level in the first quarter. Analysts expect this to continue, because Tesla continues to offer incentives to stimulate sales.
The company has said that the use of an existing vehicle platform and production lines to develop a cheaper car will lower its capital costs, but has offered scarce details.
Faced with a delaying demand for his outdated line-up and red-hot sale of Chinese EVs in China and Europe, Musk played last year with robotaxis and artificial intelligence. In June and later this year in California in Texas, he promised the driver without driving Ride-Hailing to the public in Texas.
Apart from the fact that Musk has promised and not delivered self -driving Teslas for almost ten years, there are serious concerns about safety and related lawsuits that can come with the use of unproven technology without director on public streets.
Tesla is looking for legal approvals that are needed to eventually launch the promised Robotaxi service.
But the production of the long -awaited cybercab – a robotaxi concept that is central to that idea – reported Reuters, because Tesla paused the import of components from China after the rates were imposed by US President Donald Trump jumped to 145%.
Stacked In addition to these challenges, the doubts about investors about how much time Musk spends on managing the company because of his involvement in Trump's administration, where he led the federal jobs.
His actions have insulted people, leading to protests and vandalism at Tesla showrooms that have reflected in a fall in the brand value and an increase in trade.
