Goldman Sachs Praises Tesla's Autonomous Driving Efforts, Foresees Long-Term Growth from Robotaxi Services in Wall Street Projection.

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He stated, “It will take time before Tesla can drive more significant growth in either robotaxi or FSD revenue.” For Tesla to significantly impact the market with its FSD subscription at $99 per month, Delaney believes Tesla needs to achieve at least Level 3 autonomy, which allows drivers to divert their eyes from the road in certain conditions like highway driving.

Goldman Sachs has recognized Tesla Inc.(NASDAQ:TSLA) as a front-runner in the autonomy and Advanced Driver-Assistance Systems (ADAS) landscape, projecting that software and digital services will significantly enhance the business model of Elon Musk‘s electric vehicle (EV) empire.

The interest in Tesla's capability to sell ADAS/autonomy software has surged among investors, especially concerning its Full Self Driving (FSD) offering for consumers and its potential robotaxi services.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United StatesCanada

Topics: Autonomus Driving US88160R1014 Mobility Expert Ideas Tech Consumer Tech Electric vehicles Robotaxi EVs Benzinga Econ #s Price Target Large Cap Elon Musk Stories That Matter Top Stories Analyst Color TSLA Analyst Ratings

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-18 @ 13:31:42 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 523 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20721535

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