Tesla’s “We, Robot” event will be held this evening. After several years of discussion, the company is expected to unveil its efforts around a robotaxi and plans to enter the autonomous driving business. “It’s a huge deal and they really need to pull something out of the hat,” said Eric Lynch, managing director at Scharf Investments during an appearance yesterday on Schwab Network’s “Morning Trade Live” program with Oliver Renick. Unlike their position as a first mover when they entered the EV space, they are behind companies such as Waymo and Baidu who have been in the autonomous driving business for the past 10 years. “It’s not like they are in a pole position this time,” said Lynch. What will Tesla do to differentiate themselves and transform this space? We’ll see tonight.

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