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Anticipation Builds: Tesla's Q3 Deliveries and Robotaxi Event

Sunday, Sep 29, 2024 4:49 am ET1min read

Since the panic bottomed out on August 5, Tesla has performed well, with a cumulative increase of over 30% in just two months. In mid-August, the price increase of $20,000 for the Cybertruck acted as a catalyst for the stock price. However, entering September, the biggest catalyst for Tesla's stock has been the market's anticipation of the robotaxi event, as well as a Barclays analyst suggesting that Tesla's Q3 deliveries could exceed market expectations.

Upcoming major events for Tesla include the announcement of Q3 delivery figures on October 2 and the robotaxi event on October 10. Will Musk's most famous company reach new heights? We shall see.

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