$Tesla (TSLA.US)$ Investors are eagerly looking forward to the next week's press conference.

Tesla's Robotaxi unveiling event, scheduled for October 10th (October 11th Beijing time), is seen as another important milestone for the company since the launch of Model 3.

Preview of the Robotaxi unveiling event

In this highly anticipated event, Tesla is expected to showcase its latest self-driving model - the "Cybercab". The design concept of this model is fully automated and may not include a steering wheel and pedals, relying entirely on Tesla's Full Self-Driving (FSD) software.

The manufacturing cost of Cybercab is expected to be very low, aiming to provide a fare close to the price of a bus ticket. It is planned to be mass-produced using an innovative "boxless" manufacturing strategy at a super factory in Texas, with expected realization in 2024.

Although Tesla has been promoting the development of autonomous taxi business for years, it has not been widely implemented. However, with a clear timeline provided by Musk at the July earnings call and the official teaser poster released on September 26th, public expectations have reached a climax.

Analyst Gene Munster predicts that Tesla may also launch two new car models: the Robovan cargo van and a new electric car with a starting price of approximately 0.025 million dollars. The launch of these new models could help Tesla further expand its market share. Although these models may be introduced at a press conference, it is not expected to reveal too many specific details.

Tesla's sales are expected to remain flat in 2024 compared to 2023, indicating that the market has relatively conservative expectations for its future sales. However, the affordable Model 2 could be key to Tesla expanding its market share.

Tesla's self-driving technology has always been the core of the company's technological innovation. Through continuous software updates and improvements, Tesla hopes to achieve true self-driving capabilities, thereby fundamentally changing how people travel.

Analysts believe that Robotaxi Day is of great significance to Tesla, and Musk needs to use this to prove the company's technological capabilities. Wall Street values Tesla's potential in the field of AI, especially the Robotaxi and Optimus projects, which are particularly important when the electric vehicle market is sluggish.

Key executives leaving, a good sign?

At this critical moment, according to sources, Tesla's high-ranking executive Nagesh Saldi will leave the company a few days before the Robotaxi event.

Saldi, Tesla's Chief Information Officer (CIO), has been working closely with Elon Musk. In recent months, his main focus has been on expanding Tesla's new datacenters in Texas and New York to enhance the company's computing power and accelerate the development of AI and self-driving technology.

The former Chief Information Officer's work is closely related to the progress of the company's Robotaxi fleet, and his departure timing has sparked widespread speculation.

Some people may interpret Saldi's departure as a bad sign for tesla. After all, his resignation leaves tesla with only three executives. According to Bloomberg, the remaining executives are Elon Musk, Chief Financial Officer Vaibhav Taneja, and Senior Vice President of Autos Tom Zhu.

Looking at this year, tesla has experienced some executive departures, including Drew Baglino, Rohan Patel, and Allie Arebalo. Some analysts believe that while executive departures may be seen as a negative signal, sometimes it also means that the company has achieved certain goals and needs a new leadership team to face new challenges. Tesla is entering a new phase of self-driving cars and Robotaxi, which may require new leaders to lead this transformation.

In terms of stock price, tesla's stock price fluctuated in 2024, but with the upcoming Robotaxi Day, the stock price has significantly increased. Investors are closely watching whether tesla can further consolidate its positioning as an ai company through this event and launch a more affordable new car model, the Model 2.

According to Wall Street Horizon statistics, historically, new product launches by tesla have a significant impact on stock prices. For example, after the release of the Model 3 in 2016, the stock price rose by 12% in the short term, while after the debut of Optimus in 2022, the stock price fell by 16%.

The next trend of tesla's stock price will depend on Musk's performance on Robotaxi Day, October 10th.

At the same time, tesla's valuation is currently at a relatively high level, with a forward P/E ratio of up to 90 times in the next 12 months. Market expectations for tesla's future growth mainly come from the execution of its ai projects, especially Robotaxi and the humanoid robot Optimus.

Editor/Somer