Tesla’s Bold Gamble – Robotaxis, Rising Sales, and the High-Stakes Road to Autonomy

Tesla’s stock seems to move like the electric engines it’s famous for—quick, with little warning… soaring again as anticipation builds toward a future envisioned by its bold leader, Elon Musk. Investors, eyes on the horizon, await two pivotal moments—the unveiling of Tesla’s long-awaited robotaxi and the company’s third-quarter sales announcement. On Monday, shares climbed by 5%, and another 2% Tuesday morning, signaling optimism among those tracking the electric car giant.

$TSLA which has been on the radar since April, turned out the 2nd best performance of any $SPX issue today.
Amazing that Musk’s Robotaxi, Humanoid Robot, FSD aren’t getting as much attention as his Tweets.

At what point will those investors with their heels dug in on their own… pic.twitter.com/R67tulYWVd

— Mark Newton CMT (@MarkNewtonCMT) September 19, 2024

In the midst of these rises, Tesla prepares for a defining moment… robotaxi day, set for October 10th, promises a vision of driverless cars that could either accelerate Tesla’s already meteoric success or face the roadblocks others in the autonomous vehicle space have encountered. It’s been months of delays, but finally, the company seems ready to pull back the curtain. Not only that—third-quarter sales figures are also due soon, with Wall Street buzzing. Analysts expect Tesla to report around 460,000 vehicles sold, up 6% from last year. But Daniel Levy, an analyst at Barclays, predicts even higher—he’s eyeing 470,000 EVs… an 8% jump, thanks largely to gains in China, even as Tesla struggles against fierce competition from domestic rival BYD.

Levy isn’t all rosy, though… he acknowledges that Tesla’s facing headwinds. Tariffs are on the rise, squeezing profit margins. Yet, even in the face of economic challenges and tightening regulations, he holds to the belief that Tesla will perform better than expected. “Investors are expecting a stronger result,” Levy said, nodding toward promising early data out of China.

“Who’s bullish on $TSLA now?

Tesla’s valuation is soaring, and the upcoming Robotaxi fleet is a major reason why. Imagine a world where your car drives itself, taking you anywhere you need to go, safely and efficiently. Tesla is making that future a reality. Get ready for… pic.twitter.com/8aHyYf8zSH

— Taga Bolo (@dark122584) September 23, 2024

Of course, it hasn’t been a smooth year for the company. Tesla has waded through a series of storms… from safety recalls and factory shutdowns to executive departures and ramping competition. China, in particular, remains a battleground where Tesla must fight harder, but recent price cuts helped lift second-quarter deliveries above expectations—nearly 440,000 cars made it into customers’ hands, silencing the doubters for now.

Tesla’s stock may still feel the weight of earlier struggles, yet the optimism is palpable… Levy believes robotaxi day could inject further momentum into its recovery. Musk has always reached for the stars, and in the case of his autonomous car ambitions, he’s dreaming of a world where humans no longer sit behind the wheel. His vision? Cars that drive better than any human—“superhuman,” as he described it in a post on X, formerly known as Twitter, earlier this year. “It will seem strange that people ever drove cars,” Musk mused, picturing a future where exhausted and intoxicated drivers are mere memories.

But the road to that future isn’t without its bumps. Other companies have stumbled… Alphabet’s Waymo faced federal scrutiny after crashes and other incidents, leading to a recall of 700 driverless cars in June. Meanwhile, GM’s Cruise had its own dark chapter after one of its autonomous cabs hit and dragged a pedestrian—forcing the company to scale back before returning with human drivers at the wheel.

$TSLA Jumps 5% as investors anticipate 3rd quarter delivery figures and the release of it’s robotaxi

UP $5 pre market heading to test 265 then psychological 270 resistance$SPY $QQQ $NIO $LI $GM pic.twitter.com/BOpx3FLpDd

— Diamond Options💎 (@diamondoptions2) September 24, 2024

So the stakes are high as Tesla’s October 10 event draws near… Musk’s robotaxi dream may either inspire a whole new wave of excitement, or it may face the same challenges that have bedeviled others in this space. Either way, it’s clear—Tesla is betting big, and the world is watching.

Major Points:

• Tesla’s stock rose as excitement builds around its upcoming robotaxi reveal and third-quarter sales figures.
• Barclays analyst Daniel Levy predicts higher-than-expected sales, driven by growth in China.
• Tesla has faced challenges, including safety recalls and rising tariffs, but recent price cuts boosted second-quarter deliveries.
• Elon Musk’s bold vision for “superhuman” self-driving cars faces skepticism, as other companies have faced issues with autonomous vehicles.
• Tesla’s robotaxi day on October 10 could mark a turning point in public opinion and the autonomous vehicle market.

TL Holcomb – Reprinted with permission of Whatfinger News