Tesla (NASDAQ: TSLA) has officially entered a bull market after rallying more than 20% from its July lows, closing at $367 on August 31 following a 5.51% daily gain.
Tesla stock (NASDAQ: TSLA) surged 5.5% on Monday as investors positioned for a key autonomy event, putting its $1.45 trillion valuation back under scrutiny. The stock closed at $367.95 on August 31, extending its August gain to about 18% as the broader market slipped.
Brett Schreiber led the first Tesla Autopilot case in which a jury found the company liable. Schreiber said he has more inquiries about potential cases related to Tesla's Autopilot and FSD.
An Australian judge said he may order Tesla to give an independent expert access to its internal engineering platforms as part of a class action against the Elon Musk-led carmaker, a move designed to bypass a drawn-out discovery process that has dogged the case.
Tesla shares just wrapped up a banner month as anticipation builds ahead of what could be a big event for the company.
The company is seemingly getting closer to rolling out a vehicle that comes without a steering wheel or pedals.
A weekend flare-up between the United States and Iran has pushed crude oil sharply higher, and the old gasoline-price trade in electric-vehicle names is getting another look this morning.
Wall Street heads into September with investors facing a busy week of economic data, technology earnings and a closely watched Tesla event, with Friday's August jobs report likely to be the biggest market catalyst. The employment report is expected to show the US economy added 58,000 jobs in August, with the unemployment rate holding at 4.1% and average hourly earnings rising 0.3% month over month.
Tesla's major risk is heavy investment in robotaxis and Optimus with uncertain near-term returns. Wall Street expects negative cash flow until 2029, then growth if new ventures succeed.
The hype around humanoid robots isn't particularly new. Thank Tesla CEO Elon Musk and his Optimus robot, as well as the myriad videos of Boston Dynamics' Atlas robot, for that.
Tesla, Inc.'s price corrected drastically after Fiscal Q2 2026 earnings, reflecting the market's continued focus on its near-term margins. This focus misses the company's long-term platform value brought about by its autonomous technologies. FQ2 earnings updates show multiple signs of monetization for TSLA's autonomy capabilities, whose nonlinear growth potential is not fully priced in.
Tesla is down 23% for the year yet Robotaxi is expanding, Cybercab production has started, and Optimus lines are being installed.