Elon Musk Says Robotaxis Will Bring in Billions Next Year. Is Tesla a Buy?
Tesla (NASDAQ: TSLA) CEO Elon Musk is no stranger to bold predictions, but he may have just made one to top all others.On Tesla's recent earnings call, Musk not only reaffirmed the company's plan to launch a robotaxi network in Austin in June, but he also said that robotaxis would "move the financial needle in a significant way" by the middle of next year or the second half of next year. For a company the size of Tesla to move the financial needle significantly implies billions in revenue. After all, the electric vehicle (EV) maker brought in nearly $100 billion in revenue in 2024. Not only did he promise that robotaxis would move the needle, but he also said the business would grow exponentially from that point on.Continue reading
Tesla (NASDAQ: TSLA) CEO Elon Musk is no stranger to bold predictions, but he may have just made one to top all others.
On Tesla's recent earnings call, Musk not only reaffirmed the company's plan to launch a robotaxi network in Austin in June, but he also said that robotaxis would "move the financial needle in a significant way" by the middle of next year or the second half of next year.
For a company the size of Tesla to move the financial needle significantly implies billions in revenue. After all, the electric vehicle (EV) maker brought in nearly $100 billion in revenue in 2024. Not only did he promise that robotaxis would move the needle, but he also said the business would grow exponentially from that point on.
