Tesla Robotaxi day could be 'sell the news' event, says Barclays - InvestingChannel

Tesla Robotaxi day could be ‘sell the news’ event, says Barclays

Barclays says Tesla’s Robotaxi day on October 10 is “at the core of a quite radical investment thesis pivot that has now been in the making for nearly half a year.” The event critical in outlining the company’s plan for its next phase of growth, the analyst tells investors in a research note. The firm believes investors will “likely to remain entrenched in views,” with bulls seeing Tesla further owning the narrative on autonomous vehicles and skeptics seeing a long path to scaling. Barclays sees a potential “sell the news” reaction to event. It does, however, expect a driverless pilot in select locations and expects Tesla to unveil a Model 2.5. The firm keeps an Equal Weight rating on the shares with a $220 price target.

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