Tesla's Robotaxi Hopes Face Hurdles as Competitors Pull Ahead in Autonomous Vehicles
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Cathie Wood predicts Tesla's robotaxi business will generate huge revenue, but Tesla currently has no autonomous vehicle business.
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Competitors like Cruise already have autonomous vehicles on the road in cities. Tesla has lost the first-mover advantage.
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GM's Cruise has self-driving cars operating in cities now, rapidly expanding, and has best disengagement rate.
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Tesla has cut prices on vehicles, undermining the idea of future robotaxi income potential.
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GM's stock is cheap and offers exposure to Cruise's leading autonomous vehicle business, so it's a better robotaxi investment than Tesla currently.
![](https://g.foolcdn.com/editorial/images/750853/cruise-automation-origin-2020-mockup.jpg)