Tesla rose to $250 to recover from the year's decline, driven by higher than expected delivery volumes in the third quarter and expectations for the launch of Robotaxi.
On September 23rd, Tesla's stock price surged 5% to $250, successfully recovering from its decline this year.
On the news front, Barclays analysts expect Tesla's delivery volume in the third quarter to exceed market expectations.
Barclays analyst Dan Levy said that based on Tesla's strong rebound in China sales in August, its expected delivery volume for the third quarter is about 470000 vehicles, higher than the market expectation of 461000 vehicles.
In addition, Robotaxi is about to be launched, and the market has high expectations for it, considering it a key turning point for Tesla.
Investors will pay attention to the timeline and business prospects of Robotaxi's commercial operation, as well as whether to release new low-cost models, "said a Goldman Sachs analyst.
Tesla will announce its third quarter delivery volume on October 2nd and hold the Robotaxi conference on October 10th.
The event is located in Burbank, Los Angeles, California, USA, which covers an area of 110 acres and has 29 studios. It has filmed famous works such as Batman and Friends.
Wall Street generally believes that Tesla's future growth will mainly come from the execution of AI projects, especially Robotaxi and the humanoid robot Optimus.