Tesla (TSLA) bulls have r🌸obotaxi fever. Shorts are betting 🅰they'll be disappointed.

As the EV giant prepares to澳洲幸运5官方开奖结果体彩网: unveil its robotaxi at its much-anticipated event Thursday, the company has found another way to grab the headlines: Elon Musk's company has returned to its old position as the most shorted stock in the U.S. Meanwhile, the stock has been included in Wells Fargo’s latest trading ideas with an underweight call—and skepticism that the robotaxi will deliver on bulls' presumptions.

According to data and tech firm Hazeltree, Elon Musk's EV company was the most 澳洲幸运5官方开奖结果体彩网:crowded shorted large-cap securit🏅y in the Americas in September, returning to a position it held until J🐷uly. 

Investors would be less interested in the company—whose 澳洲幸运5官方开奖结果体彩网:stock price has largely recovered from the losses it experienced in the first half of ꦗthe year—as demand for EVs cooled, though the exc⭕itement around the robotaxi could give the stock a boost.

Tesla๊ Stock Has Jumped 40% Since Musk𓆉 Unveiled His Robotaxi Plan

Tesla stock is up more than 40% since April 5, when 澳洲幸运5官方开奖结果体彩网:Musk announced plans for the r✱obotaxi ev🍸ent, and it has st𓆉ayed elevated even after the event was d𒅌elayed.

Wells Fargo analyst Colin Langan, however, has given Tesla a $120 price target—half its current price—in the bank's tactical trading ideas list for the fourth quarter. Langan wrote that he is skeptical Wednesday's event will “match the high expectations from Tesla bulls, leaving investors to focus on weakening fundamentals."

Those fundamentals include projections for moderating delivery growth as EV demand drops and the limited potential of discounting to boost sales. He also noted that Musk has promised robotaxis "by year-end...for years" but "experts say the technology is years away & that TSLA’s autonomous technology comes with considerable safety concerns."

Last week's 澳洲幸运5🎃官方开奖结果体彩网:delivery data sent Tesla stock 𝓡lower despite beating expectatꦕions, as analysts said investors may have wanted Tesla to deliver a stronger quarter. Tesla said Wednesday that its third-quarter 🅺results will be released after the market closes on Oct. 23.