Tesla's Upcoming Robotaxi Day Event

Investment Overview
Investing.com reports that Wedbush analysts reaffirm their bullish outlook on Tesla (NASDAQ:TSLA) before the highly anticipated "We, Robot" Robotaxi Day event set for tomorrow at 10 PM EST in Los Angeles.

Key Expectations
The event is expected to be a "historic moment" for CEO Elon Musk and Tesla, symbolizing an important shift towards autonomous driving and artificial intelligence (AI).

Wedbush analysts state, "We believe Robotaxi Day will be a seminal and historical day for Musk and Tesla, marking a new chapter of growth around autonomous, FSD, and AI."
They assert that Tesla is the "most undervalued AI name in the market," predicting the unveiling of "game-changing" autonomous technology during the event.

Topics of Discussion
Analysts expect Musk to share insights on the anticipated Robotaxi, rumored to be called the "Cybercab," Tesla’s Next-Gen Platform, advancements in Full Self-Driving (FSD), and the overall strategy for Robotaxi deployment within the next year.
Musk is also expected to address investors' immediate concerns and outline Tesla's long-term vision.
Wedbush believes Tesla is positioned as a robotics/AI leader beyond merely being an electric vehicle vendor and retains an Outperform rating with a $300 price target.

Technological Developments
The firm reports that Tesla has achieved over 1.5 billion miles in its FSD data. The recent release of FSD version 12.5 shows significant improvements, and they anticipate version 13 by year-end could increase miles-per-intervention sixfold, enhancing Tesla’s capabilities in autonomy.

As interest in Tesla’s humanoid robots, known as Optimus, grows, Wedbush is keen on updates regarding this technology as well.
They view this event as a crucial turning point for Tesla, potentially revolutionizing urban transportation based on years of technological research and development in Robotaxi technology.

Challenges Ahead
Wedbush highlights that overcoming insurance, vehicle costs, timing, regulatory approvals, and operational logistics will be critical challenges. They believe that the AI and FSD segments could represent a staggering $1 trillion value for Tesla in the years to come.