Tesla's Driverless Future: What's Really Going On?

Tesla's latest video showcases a Robotaxi driving smoothly in Austin without a driver. This isn't a one-off test but part of Tesla's push for fully autonomous cars.

Key Highlights

• AI Director Ashok Elluswamy shared the video, featuring empty front seats and the car navigating real traffic effortlessly.
• Elon Musk confirmed sightings of driverless Teslas in Austin, stating that Tesla is testing cars without safety monitors.
• Musk has repeatedly emphasized the imminent removal of safety monitors, mentioning it at the xAI Hackathon, Tesla's annual shareholder meeting, and earnings call.

Market Reaction

• Wall Street analysts have a Hold consensus on Tesla stock, with a mixed view based on recent Buy, Hold, and Sell ratings.
• The average price target suggests a potential downside risk.

The Road Ahead

While Tesla's progress is impressive, fully autonomous driving remains a challenge. Factors like safety and regulations are critical. Tesla has made big strides, but there's still a long way to go.