Tesla is preparing for a robotaxi event, despite recent EV delivery underperformance.

From Nasdaq: 2024-10-10 08:37:00

1. Tesla is gearing up for its ‘We, Robot’ event, expected to reveal details on its robotaxi roadmap and humanoid robot project. Despite recent underperformance in EV delivery, the company’s focus on autonomous driving has boosted shares by 10% in the last month.

2. Tesla’s Q3 production and delivery numbers showed 463k EVs delivered and 470k produced, falling below expectations. Margins have also decreased, impacting near-term share performance. Despite an upcoming event, short-term gains may be limited while long-term prospects remain positive for investors.

3. Zacks Investment Research highlights Tesla stock in its Analyst Blog, discussing the upcoming event’s potential impact on shares. While the company’s earnings outlook is uncertain, the event could present an opportunity for an unexpected boost in performance.

4. Zacks Research Chief names a top stock likely to double, showcasing innovative financial firms with significant growth potential. Investors can access Zacks’ top stock picks, including the one set to climb highest, for potential significant gains in the coming months.



Read more at Nasdaq: The Zacks Analyst Blog Tesla