Tesla is preparing to unveil robotaxi plans, with recent EV delivery numbers falling short.

From NASDAQ.: 2024-10-09 10:15:00

Tesla is gearing up for its ‘We, Robot’ event to unveil robotaxi plans and other developments. Despite excitement, recent EV delivery numbers have fallen short of expectations. Margins also declined, impacting shares’ performance in 2024. Although an unknown surprise could be revealed, the event may have limited impact on stock performance.

Investors eyeing quick gains may find Tesla’s current earnings outlook unfavorable. However, the company remains a favorite in the EV space for long-term gains, especially with plans for a Robotaxi deployment. While shares have already seen a 10% climb leading up to the event, Tesla’s focus on autonomous driving continues to attract investors.



Read more at NASDAQ.: Tesla Robotaxi Event: Are Shares Worth a Look?