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robo taxi ridesTheStreet
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84% Informative
The summer of '24 has seen steady developments related to autonomous vehicles in the U.S. Google-backed (GOOGL) Waymo continues to be the leader, S&P Global Mobility said.
General Motors' Cruise AV division is proving to be a setback and, arguably, a situation where lessons learned may leave the company in a better position.
Tesla is scheduled to debut its robotaxi on Oct. 10 .
Deutsche Bank analyst Ed Yu resumed coverage of Tesla on Sept. 9 with a buy rating and a $ 295 price target.
Yu said he views this as temporary ahead of new models and refreshes coming in the pipeline.
Tesla structurally already has a big lead in battery electric vehicles, or BEVs, especially as it relates to scale/cost.
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