Tesla (TSLA) shares have surged ahead of the company's upcoming Robotaxi Day on October 10, but high investor expectations may lead to disappointment and a "sell the news" reaction. The event is expected to showcase a new mass-market electric vehicle and its autonomous capabilities, but significant technological and regulatory hurdles remain. The company is far from achieving the high-level autonomy necessary for driverless operation. There is concern about the disconnect between TSLA's high valuation and stagnant earnings growth, with unclear short- to medium-term growth drivers.
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TSLA: Robotaxi Day Preview
04 October 2024
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