Tesla Stock Rises as Investors Eye Strong Q3 Deliveries and Robotaxi Event

Tesla's shares surge amid optimism for higher-than-expected vehicle deliveries and the upcoming unveiling of its autonomous robotaxi.

Tesla stock climbed nearly 5% on Monday, reaching $250 and moving into positive territory for the year.
Barclays analyst Daniel Levy predicts Tesla will deliver 470,000 vehicles in Q3, surpassing the consensus estimate of 460,000.
Tesla's robotaxi event on October 10 is anticipated to showcase its Full Self-Driving technology and possibly a lower-cost vehicle.
Analysts are divided on whether the robotaxi event will significantly impact Tesla's stock, given the current limitations of its autonomous technology.
Despite recent gains, Tesla's stock remains below its 2021 peak and faces challenges from rising tariffs and competition in the EV market.