From Nasdaq: 2025-06-12 09:16:00

Zacks.com Analyst Blog highlights Tesla’s upcoming robotaxi launch on June 22, with a Model Y seen navigating Austin streets without a driver. CEO Elon Musk plans public rides starting June 22, emphasizing safety. Initial launch to feature 10-20 Model Y SUVs in Austin, possibly expanding to California. Competition from Alphabet’s Waymo and Baidu’s Apollo Go is noted, with Tesla’s shares down 19% YTD and a Zacks Rank #5 (Strong Sell).

Competitors Alphabet and Baidu are ahead in the robotaxi space, with Waymo offering commercial services in four U.S. cities and Baidu expanding to Europe and Turkey. Tesla’s valuation is high with a forward price-to-sales ratio of 10.02 and a Value Score of F. Zacks highlights top stocks set to double in 2024, with potential gains of +100% or more. Visit Zacks for more information.



Read more at Nasdaq: The Zacks Analyst Blog Highlights Tesla, Alphabet and Baidu