Why did the Robotaxówka not help? The Musk plan to send a dozen or so fully autonomous vehicles with the option of rapid scaling to the streets of Austin, in itself remains a long -term catalyst. But The short -term market focuses almost exclusively on the political risk created by a sharp, public conflict between Elon Musk and President Donald Trump.
Acute statements from both sides, including the threat of limiting federal contracts or tax breaks, caused 15 % last week. discount and They blew around $ 150 billion from Tesla capitalization.
Another reduction of recommendations
On Monday morning, these fears sealed two quick rating reductions. Argus reduced the recommendation to Hold, and Baird to Neutral, pointing directly to the “war on words” Muska with Trump and the risk of quenching federal reliefs on EV.
Analysts also emphasize the so -called Key-Person Risk. It is about making Tesla's valuation dependent on the reputation and decision of one man.
According to Dan Ives, an analyst from Wedbush, the Robotaksówka program itself remains a positive trigger-especially if it expands to 20-25 cities during the year and shows the scalability of FSD software. Ives maintains the thesis that Tesla may approptles the autonomy market in a longer horizon and license to other manufacturers from the automotive sector.
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However, in the current market environment, this scenario has limited chances to quickly translate into the price of the action. First of all, the pace of the inheritance is fueled by wallets – managers are afraid that the possible withdrawal of federal reliefs will reduce the demand for EV in 2025, and Musk himself can cause a political storm again.
Secondly, the valuation remains demanding. At the current price, Tesla shares are sold around 150 times the forecast profit at 2025. According to experts, Baird leaves little space for further operational disappointments.
Applications for investors
As long as the tension on the Musk -Trump line does not decrease, and the congress does not prejudge the fate of tax breaks for electric vehicles, it is difficult to expect a permanent recovery of the course. On the other hand, the first, safe journeys of robotaks may become a pretext for short -term growth on the Tesla course.
Investors interested in Tesla should therefore follow not so much individual headlines about autonomy, but above all Political climate around the company. It is him, not technology, in the coming weeks he sets the direction of quotations.
Note: The valuations included in the text are only informative and do not constitute a recommendation for the purchase or sale of financial products.
