Tesla robotaxi: Analyst warns of 'disappointment'

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Craig Irwin News

Disappointment,Roth MKM Senior Research Analyst

Tesla CEO Elon Musk says the company's long-awaited robotaxi will be announced on August 8th. The news caused Tesla (TSLA) shares to bounce on Monday.  ...

But not everyone thinks the news is a huge deal. Roth MKM Senior Research Analyst Craig Irwin tells Yahoo Finance that he thinks the robotaxi will be more like a"cybertaxi." Unless Tesla starts incorporating things like lidar and more and improved cameras, Irwin thinks the robotaxi will be a"nonstarter.""I think it's going to be a disappointment," Irwin says.

More than 60% of Canadians take some sort of measure to avoid dealing with their finances, including postponing financial goals.After five straight holds of the Bank of Canada's key interest rate that followed its hiking cycle of more than a year, economists say a rebound awaits the national housing market — but don't expect a big surge just yet.

Disappointment Roth MKM Senior Research Analyst

 

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