ChatGPT-4o predicts Tesla stock price for Robotaxi event on August 8
- by Finbold | Finance in Bold
- May 28, 2024
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10 hours ago
To assess the potential impact of the Robotaxi launch on Tesla’s stock price, Finbold utilized OpenAI’s latest ChatGPT-4o, a top-of-the-line upgrade to the popular chatbot, to provide insights into how this event might influence TSLA’s market performance.
ChatGPT-4o sees potential in the Robotaxi
With the potential for deepened AI utilization and a level of autonomy driving not seen before, ChatGPT-4o sees Robotaxi’s unveiling as an important upcoming event.
The expectations for the most likely scenario are a 15% to 25% addition to the current TSLA stock price of $179.24.
Most likely scenario for TSLA stock after the Robotaxi unveiling. Source: Finbold and ChatGPT-4o
If there is a significant technological breakthrough that the market has not witnessed before, a highly bullish scenario might occur, sending TSLA stock soaring by 30% to 50%.
Highly bullish scenario for TSLA stock after Robotaxi unveiling.
A positive market reaction would give TSLA stock the boost it desperately needs. It has been trading in the red by 27% since 2024 started, way down from its $400 all-time high in 2021.
However, in the case of the TSLA stock bearish scenario…
Taking a more pessimistic approach, ChatGPT-4o presented us with a scenario in which Robotaxi is just a glorified market stunt without any innovation or industry-changing development.
Such an event would negatively influence TSLA stock, which could see a drawback from 10% to 20%, sending TSLA shares below the $150 threshold.
However, the worst-case scenario would be if the Robotaxi debut fails to materialize and Elon Musk continues his trend of unmet commitments regarding self-driving technology. In this scenario, Tesla’s stock could suffer.
This outcome might signal doubt about Tesla’s future capabilities and its standing as a tech leader in the automotive sector, potentially prompting a cautious or negative response from investors.
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