Tesla fell 6% in pre-market trading, while Uber surged 5% on the news

Tesla's night trading once surged by 5%, but then plunged by 4%.

Tesla continued to plummet in pre-market trading, currently down by 6.2%, while Tesla's Robotaxi competitors Uber and Lyft surged, up by 5% and 3.8% respectively.

As early as July 12th, Tesla fell by 8.4%, affected by the delay of the Robotaxi release from August to October, while Uber and Lyft rose by 6.1% and 4.6% respectively on that day.

Today, Tesla held a Robotaxi launch event, making a lot of noise but losing money. Due to factors such as not announcing the long-awaited $25,000 low-cost model and the high cost of the self-driving taxi Cybercab, the stock price fell.

Dolphin Research predicts that Tesla will create a self-owned travel platform similar to Uber. Previously, Tesla had already demonstrated the model of its Robotaxi's ride-hailing app. The entry barrier for the travel platform is not high, and the differentiation competition of the platform lies more in ecology and traffic.

Although autonomous driving companies have built their own travel platforms (such as Robo-Taxi, Waymo, etc.), Waymo also cooperates with Uber. On the one hand, due to the limited layout of Waymo's autonomous vehicles, the advantage of the travel platform lies in having a sufficient density of operational vehicles on the ride-hailing platform. Tesla has a similar relationship with Uber and Lyft.

Attachment:

We Robot Live Event Overview

1. Robotaxi: Tesla released the self-driving taxi Cybercab, a two-door two-seat car without a steering wheel and pedals, using inductive charging without a charging port. Also released the self-driving bus Robovan, which can accommodate 20 people and can also be used for cargo transportation.

2. Production Time: Cybercab is expected to start production in 2026 and be produced at a very high volume before 2027. Users can experience the self-driving taxi on other Tesla models in advance.

3. Cost Aspect: Over time, the operating cost of Cybercab is expected to be around $0.2 per mile, with a taxed price of around $0.3 or $0.4 per mile. The cost of Cybercab is expected to be less than $30,000. The travel cost of Robovan is 5 to 10 cents per mile.

4. Autonomous Driving: Tesla is expected to launch the unsupervised full self-driving (FSD) function for Model 3 and Model Y in Texas and California next year.

5. Optimus Robot: Significant progress has been made on the Optimus project, and with mass production, the cost will be between $20,000 and $30,000. The Optimus robot performed a group dance at the event to demonstrate flexibility and also provided drinks for visitors at the post-event tour