Robotaxi, a robot taxi that takes you wherever you want without a driver, under all conditions, anywhere in the world. This has been Elon Musk's dream for many years, and on August 8, we will see this dream come true. Friday was an incredibly crazy day for Tesla investors. The stock came and went, a lot of things happened. All this happened around this robot taxi issue, and Elon Musk said in his latest tweet that the robot taxi is coming on August 8th. What does all this mean? Why did Tesla stock move like crazy in response to the news flow on Friday? If a robot taxi comes into play one day, how will this affect our Tesla investment? What do all these discussions mean? I have compiled and will interpret them all for you.

First, let's look at the issue that triggered all the fluctuation yesterday. An article published in Reuters says that Tesla has given up on producing $25,000 vehicles. To put it in context for those who do not know the subject, Tesla has been saying for a long time that it will produce an electric car that will be sold for 25000 dollars in 2025. They say that they have made revolutionary changes in their production lines in order to make a profit of 25000 dollars and will come up with a brand new product. Why is this such an important tool? Because we know that if it can fall below $25,000, wide adoption of electric vehicles will begin. This is the price range that most consumers expect. But, says Reuters, Tesla gave up on this. Because vehicles are already sold at these prices in China.

There are also much cheaper electric vehicles in China. They go down to prices of $10,000. That's why Reuters says Tesla canceled this project. Instead, he focused entirely on the robot taxi, a vehicle that can go anywhere on its own. Reuters also provides a lot of evidence for this claim. None of the evidence is very concrete, but probably if a lawsuit is filed, that evidence will become concrete. There are many ambitious details below, such as the fact that the $25,000 vehicle project was abandoned in internal meetings at Tesla, this was announced to suppliers, and some managers in the project were transferred to other projects. Tesla stock moved incredibly sharply due to the news. There were already harsh movements the day before.

Meanwhile, the news that they were looking for a factory location in India had pushed the stock up very quickly. But if you remember, the stock market had a total collapse for an unknown reason and Tesla had come down very hard there. Yesterday started off a bit negative anyway, but with the arrival of the Reuters news, the stock crashed down incredibly hard. Then Elon Musk said this news was a lie. The stock recovered slightly, but investors were still unsure and the stock ended the day negative. But after the day closed, very strange things happened. Tesla took back all of this loss. We'll get to that later. So why does the choice of a $25,000 vehicle with or without a steering wheel affect the stock so hard? The main reason behind this is that Wall Street is not yet convinced about the fully autonomous taxi fleet issue.

Immediately after the news, Morgan Stanley analyst Adam Jones wrote a report. He is an analyst I value. He also made detailed investigations about Tesla and said that this business is dangerous. Because our valuation model includes the fact that a large number of Model 2, that is, economical electric vehicles with steering wheels, will be launched by Tesla between 2024 and 2030, and the impact of this on the valuation of the stock is very large. That's the concern across Wall Street. They don't really believe in robotaxi and autonomous taxis, but I agree. Because this is truly something that has never been tried before. There are many risks. There are regulation problems. Will the technology work? Will consumers adapt to this? That's why Wall Street wants to see more concrete things, and any deviation from that project scares Wall Street. This is the main reason for the fear of investors and the sudden big sale of stocks yesterday.

On the other hand, Tesla's launch of a fully autonomous taxi fleet could take the company's valuation to very strange places. I did a mental exercise about this. You will see that very crazy numbers come out based on different assumptions. But Wall Street isn't interested in it right now. Wall Street wants to see something more concrete. This is what drove the stock price down yesterday. Later, Elon Musk's answer came. Elon Musk did not respond directly to Reuters. He replied to zerohedge instead. Because zerohedge sent such a message in capital letters, Reuters says that Tesla has given up on its cheap car project. Zerohedge loves such negative news anyway. Elon Musk also sent a very harsh message like Reuters is lying (again) and the stock started to recover a little.

So is Reuters really lying? My guess is that he wasn't telling a complete lie. Because if he tells a complete lie, he has to present the evidence in the lawsuit that will be filed against him. There will be a problem there, but I think maybe he is interpreting the issue incorrectly and biasedly. Because Reuters is a part of the general media in America, a part of the democrats, and they have already been in a fight with Elon Musk for a long time. He had previously published many news about Tesla, some true, some half-true, some outright lies. But frankly, I really think that Elon Musk is influenced by China. Because they produce very economical cars and sell these cars so cheaply that they may not make a profit. In fact, we know that they make losses in most of them.

But the Chinese State also supports this, and Tesla may have thought that it would be difficult to deal with these companies, which are backed by the Chinese State and to which large capital transfers are made, in terms of cheap economical cars. Therefore, they may be developing a new strategy and highlight autonomous driving, which the Chinese are still very far away from. But these two vehicles will work on the same platform. In other words, they will both come from the same production line, have the same battery, and the same case design. The only difference is that one has a steering wheel and the other does not. In this context, my guess is that the production of both will continue, but perhaps autonomous driving will be moved up as a priority.

As a matter of fact, Sawyer Meritt's analysis, which is someone who follows Tesla closely, is in this direction and he also says that the Tesla 25000 dollar vehicle project is probably continuing. However, he says, the recent successes in the autonomous driving program also affected them, and therefore, even if they did not cancel the $25,000 vehicle, they perhaps shifted the priority to more autonomous driving. Sawyer Meritt's message was answered by another YouTuber, Meet Kevin. In any case, this means shifting production to 2026 for cheap cars, he said. Sawyer also said no, we still have a long time to go. During this time, Tesla said that it could progress in autonomous driving, come to robot taxis and continue the production of the 25000 dollar car, and Elon Musk added an emoji to this. The meaning of this emoji can be interpreted a lot. “I think you approve of my strategy,” Sawyer Meritt said. But Elon Musk did not respond to him. However, we can interpret here that Elon Musk has a strategy similar to Sawyer Meritt's in his mind.

So, plans to produce a $25,000 car will continue, but there will be two versions of the vehicle: with and without steering wheel. People are not yet fully ready for autonomous driving, the regulations are not ready. Let's sell them the ones with steering wheels, but let's put fully autonomous taxi fleets into operation in places where we can get permission and approval. Elon Musk said: We are announcing our robot taxi on August 8th. We don't know exactly what this means. So they'll probably show us a prototype, show us how the product works. But it will take time for robotaxis to be produced and actually put into operation. Because producing them is also a problem, there are problems on the regulation side, there are many issues. But he says we will show the product on August 8.

This of course made the markets incredibly excited. The stock rebounded sharply to the upside, but this news came after the market closed. That's why that rise occurred with the small transaction volume after the closing. It's hard to know how much will be left on Monday. Tesla lost $6.21 in value during the session. Elon Musk's message after the market closed compensated for all the losses in the stock. It even helped end the day on a bit of a positive note. This type of movements are rare in stock markets. Later, comments started to come in on the subject, and Elon Musk's responses to those comments are really important. One of the comments received was to imagine that all Model 3 and Model Y models turned into robotaxi. This could be done in one day with a software update, says Robin Ren, super excited. Elon Musk liked this tweet.

Tasha Keeney is one of Ark Invest's analysts who focuses specifically on Tesla. And he said, be careful about this. This is huge news and you are seeing the first sign of how the market will react to it in the coming period. Because as soon as this news came, the stock went up a lot. "If the robot taxi is really announced one day, if it enters our lives one day, you see a sign of where the stock will go," he said. Elon Musk also liked that tweet. Cathie Wood, one of the founders of Ark Invest, said that our thoughts are the same regarding Sawyer Meritt's tweet that I just mentioned. Elon Musk liked it too. Brett Winton, another analyst, said that in our opinion, robotaxi being brought forward in the program is very positive for the stock. Elon Musk also liked this tweet, and then the slightly mysterious aspects of the matter began to come into play.

Sawyer Meritt said that according to the Chinese, 8 is a lucky number. Elon Musk said that it is the 8th of 8, so we will do this on August 8th. In the eighth month, the Chinese year of the Dragon comes. So he said it's an auspicious year. Another person said the secret master plan continuous, Elon Musk said yes to that too. Now we are looking forward to August 8th. I think the stock will move very sharply from here until August 8th. Because some of the Wall Street analysts will flock in on Monday and say, we don't like this, this is dangerous. On the other hand, as we have just seen, positive analysts will also come and say that this is very, very positive. I think that the market will go in between and a very active period awaits us again. On the other hand, I have full faith that Tesla will eventually achieve this.

Autonomous taxis already exist in America. Currently, Google has the Waymo project. The difference with Waymo is that it only works in certain geographical areas. Because it needs detailed mapping. There is also a lot of equipment in the vehicles. Lidars, radars, ultrasonic sensors are very expensive tools. Some say the vehicles cost up to 300,000 dollars. That's why it's so hard to scale. Tesla, on the other hand, claims that it can do this job with only 8 cameras and therefore claims that it can do this everywhere in America. He will probably start this business in cities such as San Francisco, where Waymo has received permission. I think we will see very serious competition on the roads and the process will begin.

You can examine it too, of course it's a very hypothetical thing because we don't know much. For example, how many people will use these cars? How many hours will these cars operate during the day? What will the costs be? We don't know many things. So it's a very speculative picture. Do not take it as investment advice. By the way, it would be useful to mention one last interesting news. Elon Musk's artificial intelligence-related projects are not limited to Tesla alone. At the same time, Twitter has a project called X AI on its new name, X. As you know, he turned it into a separate company. There was news that he was about to receive a new investment of nearly 3 billion dollars. This is good news for us Tesla investors. Because the problems on Twitter can eventually reflect on us. When Elon Musk gets stuck there, he sells stocks on this side. I'm happy with this news, too, and it's another sign of how serious Elon Musk is about artificial intelligence.

To sum up, very interesting days await us. Indeed, the process seems to have accelerated a lot in autonomous driving. Many new videos are being released, and we already see that the new autonomous driving versions are very advanced. I'm not sure if the software will be suitable for robot taxi by August 8th. I'm not sure if the vehicle itself will be fully ready on August 8th. But I see Elon Musk getting super ambitious right now. That makes me happy. Because when Elon Musk is ambitious and obsessed with something, he usually succeeds. Now we have locked our calendars to August 8th. We will watch together what happens.

The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.