Tesla reassures investors with growth pledge, to begin robotaxi rollout

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Tesla reassures investors with growth pledge, to begin robotaxi rollout - Business Standard

Quick Summary:

Musk paused posting on X for the duration of the call, but started again minutes after it ended with a post about Trump’s executive order cutting federal funding in K-12 schools that teach topics related to race, sex, gender or politics.

Garrett Nelson, an analyst with CFRA, said Tesla’s outlook for vehicle sales growth this year resonated with investors because it appeared more realistic than Musk’s earlier pledge of growth for growth of as much as 30 per cent.“The bar has been lowered to much more achievable levels, so therefore they are much more likely to hit it going forward,” Nelson said.

He added that Musk’s relationship with Trump is also seen as a positive as Tesla focuses on autonomy and the potential for changes to federal regulations.“Musk has the president’s ear,” Nelson said.“He’s going to have a major place at the table as far as what the regulatory framework looks like — and we think it will be favourable to Tesla.