Jefferies
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Tesla robotaxis underperform in Austin despite discounts
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A Jefferies analysis found Tesla's robotaxis in Austin cheaper than Uber but with longer wait times and suboptimal routes. The firm noted most rides still require safety monitors. Meanwhile, Tesla has made no progress toward driverless approvals in California.
Christopher Wood, global head of equity strategy at Jefferies, has removed bitcoin from the firm's model portfolio, citing its likely peak price and threats from quantum computing. He replaced the allocation with gold investments, viewing the metal as a more secure store of value. This move comes as bitcoin enters a bear market following a strong 2025 rally.