Tesla Stock Soars 10.2% as Robotaxi on the Horizon

Reported 12 months ago

As Tesla's stock price surged 10.2% on Tuesday and continued to rise by over 3% on Wednesday, during the early trading session, market optimism was driven by Tesla's better-than-expected second-quarter vehicle deliveries and the upcoming launch of the 'Robotaxi' service on August 8th. While some analysts believe Tesla has weathered the worst and is entering a bullish phase, others remain skeptical about its market competitiveness. The future introduction of the Robotaxi service, along with positive growth indicators in energy storage business, has led to conflicting views on Tesla's profitability and market position.

Source: YAHOO

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