Tesla reports earnings after the bell on Wednesday. After last […]
Let the TSLA Headlines Begin!
Investors can expect a lot of Tesla chatter (and stock movements) in the coming weeks as hype builds ahead of the company's planned Robotaxi event in October.
TSLA was one of our biggest movers to the upside last week (+7% through close Thursday) after a slew of positive news, before heading back down on Friday.
To recap:
- Tesla is reportedly planning a six-seat model Y, with Chinese production expected in 2025.
- The company plans to launch its full self driving product in Europe and China early next year if it can secure regulatory approvals.
Today TSLA released more positive news from China, showing its EV sales grew +37% from July.
On the consumer front, cybertruck still generating lots of chatter. Shaq just had his second one delivered.
And more and more investors are talking about Tesla not as a car company, but as a robotics leader.
Which, true.
We recently featured TSLA as a major robotics winner driven not just by its robotaxi but its optimus robot, which is generating high levels of scale and efficiency for Tesla's own production.
But Tesla's Robotaxi Event Could be a Major (Positive) Catalyst for TSLA.
The event is quickly approaching -- just about a month out -- and even analysts are bullish, with some expecting surprises during the event aside from a demo of the "CyberCab".
Robotaxis allow the company to fulfill its vision of making car ownership actually a revenue generation vehicle for owners. You can easily envision the potential partnerships with companies like Uber, who is already offering its drivers incentives to purchase teslas.
Tesla leads other major self-driving players like Waymo TREMENDOUSLY when it comes to practice, generating 66x more driving data with its 6 million vehicles on the road.
Here's how Tesla demand looks right now...
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