Tesla’s stock rises ahead of the anticipated Robotaxi debut and Q3 delivery numbers, with analysts predicting a 6% sales increase.
.png)
Tesla ($TSLA) has seen a rise in share price over the past week with a long anticipated announcement of the Robotaxi and third quarter sales and delivery numbers. Wall Street analyzes a sales forecast increase of 6% from last year with about 460,000 EV deliveries. A bullish note came out from an analyst Daniel Levy as he expects an uptick in sales from China while competitive EV companies underperform.
Currently the stock is trading at around $253 per share and many think as we inch towards October 10th (where the announcement of the long awaited Robotaxi will happen) could catapult the stock to higher highs.
Tesla has had many roadblocks occur with major safety concerns and mass recalls as well as factory shutdowns/layoffs. Investors will wait to see what will happen from the announcement of the Robotaxi and earnings on October 10th and the effect that happens on the stock.
