Tesla could have a tough time living up to the hype around its robotaxi event

Tesla shares are soaring as the company prepares to unveil its robotaxi technology, but Wall Street is cautious about the impact on the company’s bottom line. The stock has surged ahead of the “We, Robot” event, where Tesla is expected to showcase its self-driving vehicle for a ride-hailing network. Analysts are skeptical about the feasibility of widescale robotaxi deployment and question Tesla’s valuation. CEO Elon Musk’s ambitious plans for full autonomy have yet to materialize, adding to investor uncertainty. While Tesla’s cost-effective technology and potential advantages are acknowledged, doubts remain about its ability to lead in self-driving technology. The upcoming event is seen as a make-or-break moment for Tesla’s future growth and valuation.