1. Tesla shares closed at a record high of $489.88. 2. Rollout of robotaxi service boosts investor confidence despite EV sales slumps. 3. Musk's vision for autonomous vehicles excites investors for long-term prospects. 4. Wedbush suggests 60% potential increase to $800 by next year. 5. Analysts remain cautious, with average price target below $400.
FAQ
Why Bullish?
Tesla's stock rebound signifies investor confidence in autonomous ambitions. Historical rebounds after innovation announcements further support this bullish sentiment.
How important is it?
The article highlights technological advancements critical to TSLA's growth narrative, influencing investor sentiment significantly.
Why Long Term?
Success in robotaxi deployment could drive future earnings. Previous new technology launches have led to sustained stock price increases.