Tesla Robotaxi Day on October 10 is important, and Musk must explain why Tesla is still worth owning at such a high price.
Tesla's rise is because Musk always realizes his vision, although he often overstates his words. Musk convinced investors early on that Tesla could become the Apple of the automotive industry and have its own ecosystem.
Now, will Tesla's stock price return to its 2021 high? Or fall to a lower point? It depends on Musk's explanation of three things to investors:
A robotaxi;
A timetable for bringing it to market;
A business model to make money from it.
"Robotaxi Day: Can Musk's vision come true again?" This article talks about some of the risks facing Tesla. With Tesla's several highly certain businesses, what should be a more certain price? The extra is a bet on Musk's entrepreneurial ability.
