Tesla Stock Rises Ahead of Robotaxi Reveal and Sales Projections

Reported 15 days ago

Tesla's stock is seeing significant gains as investors anticipate the unveiling of its long-awaited robotaxi and the release of third quarter sales data. Shares rose nearly 2% after a previous 5% increase, with analysts forecasting a 6% rise in deliveries to around 460,000 EVs. Barclays analyst Daniel Levy predicts that Tesla may exceed expectations with deliveries closer to 470,000, boosted by improved sales in China. Despite facing challenges over the past year, including recalls and competition, expectations are high for the upcoming 'Robotaxi Day' on October 10.

Source: YAHOO

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