Tesla analyst Dan Ives from Wedbush Securities recently stated that the Tesla “Robotaxi is not the answer for now.” Ives believes that the Model 2 should be on Tesla’s blueprint. In a recent note, the Wedbush analyst explained why Tesla should prioritize the Model 2.
Earlier this month, *Reuters* reported that Tesla was shelving its $25,000 electric vehicle (EV) but would still develop the self-driving Robotaxi. The Tesla Robotaxi will be similar to the company’s $25,000 EV, except the former has no steering wheel.
Musk didn’t share any more details about the Tesla Robotaxi event. However, during the event, he will likely clarify any uncertainties about Tesla’s next-generation vehicle.
Many automakers have reported plateauing demand for EVs. Some customers argue that EV prices are still too high, and range anxiety is still a concern.
Giga Texas will be the first Tesla factory to produce the next-gen EV.