Barclays: Robotaxi may face long approval process, Tesla (TSLA.US) rated as "hold" with a watching stance.

According to the Wisdom Financial APP, Barclays recently gave Tesla (TSLA.US) a "hold" rating and predicted that Tesla's autonomous driving robotaxi will face a "lengthy" approval process. The analyst from the bank stated, "In California, the approval process for a 'true' robotaxi could be quite lengthy, and Tesla must apply for and obtain a series of licenses before offering robotaxi services." "Furthermore, media reports suggest that Tesla's interactions with California regulators are more limited than people realize. The promotion of Tesla's robotaxi is currently more limited than people imagine."