Tesla's robotaxi launch in Austin, Texas, sparked a significant reaction in the stock market, but Goldman Sachs analysts express skepticism about this enthusiasm.
Market Reaction to the Launch
On June 22, 2025, Tesla launched its autonomous ride-hailing service in Austin, which led to an over 8% rise in the company's stock on June 23. However, by June 24, stocks began to decline.
Goldman Sachs' Evaluations
Goldman Sachs analyst Mark Delaney raised concerns, stating that while the launch positions Tesla competitively in the autonomous vehicle market, scaling could take longer than anticipated. 'The use of an Austin-specific tech stack and a Tesla employee present in the vehicle suggests scaling will be slow in the near-term,' he said.
Future of Tesla's Robotaxi
Despite the optimistic launch, Tesla will face significant challenges in scaling its software. Analysts point out that quick expansion may be difficult. However, some experts like Morningstar analyst Seth Goldstein highlight that if the software works, Tesla could quickly deploy its technology on any road globally.
Experts emphasize that while the robotaxi launch represents a crucial step for Tesla, the company's success will depend on addressing several technical and market challenges.
