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Tesla's Robotaxi Fleet Lags Behind Expectations, Raising Concerns Among Investors
Tesla's ambitious plans for a widespread Robotaxi fleet have hit a significant roadblock, as the total number of operational vehicles currently stands at just 59.
This figure starkly contrasts with the high expectations set by CEO Elon Musk, leading to increased frustration among users in Texas, where long waits and stalled rides have become common in three major cities. The sentiment surrounding Tesla's autonomous vehicle initiative has taken a hit, reflected in a recent adjusted sentiment score of 54, indicating a neutral outlook among investors. Despite the extreme greed in the broader market, as evidenced by a coverage metric of 100, the sluggish rollout of the Robotaxi service has raised questions about the company's ability to deliver on its promises and maintain momentum in the competitive EV landscape.
As the market continues to scrutinize Tesla's progress, the recent rate of change in sentiment shows a modest increase of 6.04% over the last three months, suggesting a cautious optimism may be emerging, albeit tempered by the current operational shortcomings.