• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

Tesla Stock’s Critical October: Robotaxi Reveal & Q3 Results

by October 8, 2024
written by October 8, 2024

Tesla’s Pivotal October: Robotaxi Event and Q3 Earnings Looming

Tesla stock (NASDAQ: TSLA) faces one of its most decisive moments of the year with the company’s long-anticipated robotaxi event on October 10. This event will be the final clue on the company’s autonomous vehicle ambitions, mainly the Full Self-Driving (FSD) technology. Investors eagerly anticipate Tesla launching its robotaxi service to its potential market, a move that could revolutionise the entire transportation industry as we know it.

While Tesla has faced slower growth in the electric vehicle (EV) market due to growing competition, investors consider Tesla’s high gross margins and focus on the autonomous vehicle sector a convincing growth narrative. The autonomous driving market should grow at a compound annual growth rate (CAGR) of 32% in the next six years, which may rise to $39 billion by 2030. Technological progress in the space by Tesla may facilitate the company to take the global lead in this sector, which can be one of the most attractive long-term investment opportunities for investors.

Tesla’s Q3 Earnings and Strategic Moves

Tesla will release its Q3 earnings report after the robotaxi event, which will further heighten interest in the company’s future performance. Dealers will keenly observe them for updated information on product sales and profitability margins, focusing on Tesla’s recent tactics of spurring on demand.

To accelerate the sales of Q4, Tesla has introduced price cuts by letting non-Foundation Series Cybertrucks be ordered. The dual-motor Cybertruck is now available at $79,990, down from the previous $100,000 price tag. These adjustments should be a move to get the attention of a wider group of customers, thus indicating that Tesla’s sales strategy is evolving from last year’s approach.

TSLA/USD Stock Chart

Tesla Stock Chart Analysis

Examining the short-term chart of Tesla (TSLA), it is clearly revealed that the company’s shares were moving around the same price level. Initially, the stock was trading at $250.13. Then, during the session, it first went up to $250.20 and then slipped to a minimum of $249.62. However, it managed to recover almost all the previous losses and was finally close to $250.03 which is a decrease of 0.04% against the opening price of $250.07.

We see that Tesla is concentrating at the $250 level, with a few resistances showing up at about $252. It looks like the bulls have in difficult problem raising the price higher while the bears are against it. The volume is around 298.7K, which is significant, but it doesn’t particularly show a considerable number of trades compared to the previous volume peaks.

Support seems to be around $248, which the stock has repeatedly moved away from for the last few days. When traders test the support level, if Tesla’s stock price fails to rise above $252, it might fall back to the previous level. These are the levels we are watching. A jump over $252 or a break under $248 can mean the next substantial movement of the stock.

Not to mention that Tesla will issue a Q3 earnings report soon, which is why it will be more enlightening to know its performance, especially the sales and the margins. Tesla’s recent price drops on the Cybertruck imply that the company is adopting a demand stimulation strategy, which again underlines why investors should continuously follow the stock for updated information.

If your intention is to pursue Tesla’s breakthroughs, this is your moment to monitor the stock intensely!

The post Tesla Stock’s Critical October: Robotaxi Reveal & Q3 Results appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Libya’s Oil Production: Brent at $77.54. What About WTI? 
next post
ApeCoin and Akita Inu: Targets and Price Overview 

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Israel strikes Hezbollah targets inside Lebanon; IDF warns residents to stay near bomb shelters

    September 20, 2024
  • Dogecoin bounces back from Sunday’s drop to new low

    September 3, 2024
  • SCOOP: Freedom Caucus threatens to force vote on Al Green measure if Johnson doesn’t act

    March 12, 2025
  • S&P 500 and Nasdaq: New Targets and Prices for Wednesday

    October 9, 2024
  • Knives out for Fetterman: Maverick senator joins long line of Dems punished for breaking from left

    May 13, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,735)
  • Investing (624)
  • Stock (775)

Latest Posts

  • Trump team ‘confident’ Senate Republicans will approve cabinet selections

    November 21, 2024
  • Trump ally Sen. Tim Scott’s new mission to help incoming president: ‘increase the majority’

    November 15, 2024
  • Republican Kevin Hern profits from UNH stock while overseeing Medicare policy

    July 17, 2024

Recent Posts

  • Zelenskyy agrees to tentative Trump minerals deal, plans to visit DC later this week: report

    February 25, 2025
  • RBC downgrades Moderna and cuts price target by 28%: Should you exit?

    August 5, 2024
  • CIA director blasts Democrat’s ‘offensive line of questioning’ about Hegseth’s ‘drinking habits’

    March 26, 2025

Editor’s Pick

  • Who could lead if Zelenskyy resigned?

    March 1, 2025
  • Trump signs late-night executive order abolishing handful of federal advisory boards

    February 20, 2025
  • Chipotle earnings surge: Revenue up 18%, but margins under pressure

    July 25, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock