Gary Black Says Wall Street's Tesla Robotaxi Skepticism Comes Down to Market Share, Not Growth: Autonomy Will 'Quickly Become a Commodity'
Gary Black said Tesla bulls are misreading how Wall Street values the company's robotaxi business, disputing that a repricing is inevitable.
An investor thinks Wall Street is worried Tesla's robotaxi (self-driving taxi service) won't be special enough to make lots of money, not that it won't work. He says many companies will offer self-driving taxis eventually, so what matters most is whether Tesla grabs the biggest slice of that business.
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