Tesla’s stock has dropped 5.49% over the past five days following a weak second-quarter earnings report, according to CNBC. Investors are also concerned about Elon Musk’s bold but unmet promises on robotaxis and full autonomy. Canaccord Genuity analysts said they support Tesla’s robotaxi vision but stressed the need for immediate growth and improved financial performance. Goldman Sachs described Tesla’s robotaxi effort as limited in scale and lacking sufficient technical data. Wall Street remains focused on Tesla’s performance as it trails behind Alphabet’s Waymo in the U.S. and Baidu’s Apollo Go in China despite Musk’s ambitious promises. Gary Black called Tesla’s second-quarter earnings a “disaster” and expressed doubt about the scalability of its robotaxi due to the limitations of its Full Self-Driving technology. Tesla's engineering chief hinted at a strategic pivot toward more near-term projects like a compact pickup truck.
