Tesla (TSLA) was once the red-hot center of car innovation, but now it feels at risk of sinking into irrelevance as just another auto maker. Its coming Robotaxi Day may be Elon Musk’s last chance to convince investors that Tesla still has it, Al Root writes in this week’s edition of Barron’s. Ostensibly an event to highlight the self-driving technology that would allow the company to compete with the likes of Waymo and GM‘s (GM) Cruise, Musk needs to convince investors that Tesla remains a hotbed of innovation and still deserves to be thought of as a tech company like Apple (AAPL), Amazon (AMZN), or Alphabet (GOOGL). The outcome could determine whether Tesla regains its place among the Magnificent Seven or is relegated to fighting it out with dozens of auto makers for EV market share, the author adds.
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