The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
At the company event Monday, Musk was all too confident about carrying out autonomous robotaxis next year, even predicting that Tesla will be making cars with no steering wheels or pedals by 2021. However, analysts believe the technology is still far from ready and it puts Tesla at a risky position to compete with leaders in ride-hailing and software industries.
"We see a significant amount of technology and execution risk in the shift in strategy from competing in just electrification to Tesla also beating Nvidia in hardware, Google in software, and building a better ride-hailing service than current ride hailing leaders, " Cowen's analyst Jeffrey Osborne said in a note on Tuesday.
"The Tesla Network robotaxi plans seemed half baked, with the company appearing to either not have answers to or not even considered pretty basic question on the pricing, insurance liability, or regulatory and legal requirements," Osborne added.
The event came two days before Tesla is scheduled to report first-quarter earnings. Shares of Tesla are down 0.5% in morning trading on Tuesday. The stock has fallen 21% year to date amid the company's legal woes, disappointing deliveries and slowing demand.
Here's what else analysts are saying about Tesla's Autonomy Investor Day:
"Tesla's autonomy investor presentations conveyed impressive technological leadership but, in our view, left big questions around time-to-market and did not change our views on the impediments to removing the human driver in a commercial service at scale. Attention returns to a challenging 1Q....More data to back up safety claims is needed....We still think removing the safety driver will take many years (if not decades) to achieve at high scale."
"We are concurrently skeptical and hopeful about TSLA's claims. If TSLA executes to plan, implications across semis/components are meaningful: positive for analog/mixed signal vendors, mixed for digital vendors, negative for LiDAR vendors.... Investors should recognize that, if the company achieves its autonomous driving goals, combining this with its already-achieved EV technology conspire to establish a ride hailing service that could be quite financially compelling to both the car owner and the rider."
"TSLA hosted its analyst day yesterday and may have fundamentally changed the metrics by which it is evaluated over time. With management promising full self-driving capability rolled out to its entire fleet produced after 2016 by mid-2020, we believe Bulls will focus on the company's estimated NPV of $200k/robotaxi, a 5x-6x ROI on each vehicle it produces. We believe core to its IP position is the accelerated learning cycles allowed by the volume of TSLA vehicles on the road and its data capture/ integration system. We believe TSLA's ability to iterate its solution is a material advantage and if its technology performs as guided, it will have a defensible cost advantage in EV/automous vehicles even as it works through financing details over the next few years."
— CNBC's Michael Bloom contributed to this report.