Analyst With Sell Rating on Tesla (TSLA) Says Market Got ‘Too Carried Away’ With Robotaxi, ‘Skeptical’ of Full Launch in 2026
We recently published 10 Stocks Everyone’s Discussing Amid Latest Earnings Season. Tesla Inc (NASDAQ:TSLA) is one of the stocks everyone’s discussing.
Morningstar analyst Seth Goldstein said in a recent program on CNBC that the market got a “little too carried away” around Tesla’s robo taxis.
“We think the market’s got a little too carried away with enthusiasm for the robo taxi, and we’re skeptical that we’ll see a full launch next year, meaning the robo taxi will be launched without safety drivers in the car and without any parameters or geofencing in the areas where they operate. We think it’s still a few years away because the product’s in early testing, and so yet, we think the market’s pricing in Tesla Inc (NASDAQ:TSLA) surpassing Waymo and starting to take some of Uber and Lyft’s market share in the ride-hailing market.”
Macquarie Large Cap Growth Fund stated the following regarding Tesla, Inc. (NASDAQ:TSLA) in its third quarter 2025 investor letter:
“At the stock level, the largest relative detractors were not owning Tesla, Inc. (NASDAQ:TSLA) and the Fund’s positions in Intercontinental Exchange Inc. (ICE) and Intuit Inc. The Fund has never held Tesla as it does not meet our quality standards. It frequently emerges as either a top contributor or detractor each quarter, reflecting its volatile nature and the cycle of missed earnings and deferred expectations that has persisted for years. The company tends to miss expectations regularly, yet the market habitually buys shares based on fantastical multiyear aspirations.”
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Disclosure: None. This article is originally published at Insider Monkey.