Tesla is aiming for a mid-June introduction of its robotaxi service in Austin, setting June 12 as the potential launch date. This schedule, shared internally within the company, remains subject to change. In anticipation of this rollout, Tesla has carried out its first driverless vehicle test on Austin's public streets, with an engineer accompanying in the passenger seat. CEO Elon Musk intends to initiate the service with approximately 10 autonomous vehicles.
Austin is becoming a significant center for self-driving technology, with Alphabet's (GOOG, Financial) Waymo already having an established presence in the city. Waymo's operations in Austin position it as a notable competitor once Tesla's service launches.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Alphabet Inc (GOOG, Financial) is $201.56 with a high estimate of $225.00 and a low estimate of $185.00. The average target implies an upside of 16.25% from the current price of $173.38. More detailed estimate data can be found on the Alphabet Inc (GOOG) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Alphabet Inc's (GOOG, Financial) average brokerage recommendation is currently 1.6, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Alphabet Inc (GOOG, Financial) in one year is $198.21, suggesting a upside of 14.32% from the current price of $173.38. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Alphabet Inc (GOOG) Summary page.
