In order to reverse a 30% stock skid, the company needs to focus on the Model 2 instead of its risky robotaxi

Deutsche Bank has revised its rating on Tesla to Hold from a Buy rating. Analyst Emmanuel Rosner says the company is shifting its focus to the production of a robotaxi. Rosner cautions that this strategy is "extremely risky" for investors. For long-term investors, the concept of the robotxi remains "exciting", but Rosner expresses concerns about Tesla's new direction.

Tesla needs to focus on the Model 2 instead of its risky robotaxi, Wedbush says. "If robotaxis is viewed as the'magic model' to replace Model 2 we would view this as a debacle negative for the Tesla story," Wedbush said. Tesla's stock has dropped 30% since the start of the year.

Tesla needs a lower-priced car to expand its addressable market. Robotaxis are great, but what Tesla needs more is a cheaper car. Tesla needs to find a new market for the Model 2, which will be cheaper than the Model X, it says. The Model X is available now for $1,000.