's (NASDAQ: TSLA) upcoming robotaxi event this year is likely to generate a lot of fanfare. It can help highlight just how far the company has come with respect to its autonomous driving capabilities. If it's a success, it has the potential to drive the stock to new heights.

But not everyone is convinced that a robotaxi is what the industry needs, or that it will be an amazing growth opportunity. Ford Motor Company CEO Jim Farley recently discussed what a robotaxi might mean for the industry, and its limitations. Here are three reasons why he doesn't think it will be a game changer.

Farley says that the technology for robotaxis is limited, noting that if there are adverse weather conditions (i.e., rain or snow) or if there is any problem whatsoever, a "physical backup plan" is going to be necessary.

Continue reading

Source Fool.com