Here's your summary from RBC Cuts Tesla Price Target From $293 to $227 (https://www.youtube.com/watch?v=U3PcHLNzZKs) on the Bloomberg Television channel:
**TLDR:** RBC analyst discusses Tesla's future with robotaxis and potential competition in the market.
1. Tesla's future success relies heavily on the robotaxi business, which has high revenue potential and can increase the overall transportation market share.
2. The analyst has lowered Tesla's price target due to competition in the robotaxi market and the potential for other players to enter the space.
3. The analyst believes the robotaxi market will be fragmented with various players, including OEMs and ride-sharing companies, competing in different ways.
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