The highly anticipated Tesla Robotaxi Day from Tesla Inc TSLA on Oct. 10 will likely see the unveiling of robotaxis and demos, but analysts think that several other unannounced items could be bigger catalysts for the stock.
Tesla (TSLA) shares will be in focus this week, as the electric vehicle maker's highly anticipated "robotaxi" event is set to take place Thursday, with analysts expecting to see the autonomous taxi along with other product announcements.
Elon Musk has a big task this week: convincing investors that Tesla is more than just a car company. On Thursday, the Tesla boss will lead Tesla's Robotaxi Day and share updates on driverless cars.
George Gianarikas, Canaccord Genuity analyst, joins CNBC's 'Squawk on the Street' to discuss what he's looking for at Tesla's upcoming Robotaxi event, how he sees the company's stock going forward, and more.
I'm initiating Tesla with a buy for near-term investors ahead of the highly anticipated Robotaxi Day and 3Q24 earnings. .I think Tesla will benefit from its longer-term secular tailwinds, including global EV adoption, a more friendly interest rate environment, and U.S. government backing. Tesla should be able to better navigate the harsher Chinese EV competition on these secular tailwinds.
New energy storage system supplier rankings to be released at The Battery Show in Detroit, accompanied by lead analyst presentation at conference SAN FRANCISCO, CA / ACCESSWIRE / October 7, 2024 / PV Tech Research releases the first bankability report for battery energy storage systems (ESS) suppliers, analyzing the leading global companies manufacturing and supplying ESS solutions, with Tesla the only company to be included in the top AAA-Rated band. Understanding the bankability of ESS suppliers, with traceable supply chains and profitable operations, has recently become critical for investors and developers building out new energy storage sites globally.
Investors await the robotaxi reveal on Thursday.
The futures market is showing a downward trend this morning. The S&P 500 futures are down 24 points, the Nasdaq 100 futures have fallen 110 points, and the Dow Jones Industrial Average futures have decreased by 161 points.
It's a big week for Tesla, and Tesla stock. The maker of electric vehicles hosts its highly anticipated Robotaxi Day on Thursday, Oct. 10.
Waymo provides 100,000 paid rides per week in the U.S. cities where it operates, and Tesla is unveiling its robotaxi this week. But will the public trust them?
Although it is no secret that Elon Musk supports former United States President Donald Trump in the upcoming elections, the Tesla (NASDAQ: TSLA) CEO's recent appearance at his Pennsylvania rally seems to have stirred the market's sentiment regarding Trump Media (NASDAQ: DJT) stock.
I'm upgrading Tesla to "Buy" ahead of the Robotaxi event, expecting significant positive announcements that could boost the stock's value and analyst forecasts. Despite mixed Q2 results and automotive revenue decline, Tesla's shift to non-automotive segments like energy and mobility promises sustainable EPS growth. Tesla's financials show strong cash flow and manageable debt, supporting ongoing R&D and expansion, crucial for long-term growth and diversification.