Key Takeaways
- Tesla shares rose Monday as CEO Elon Musk said a robotaxi debut event originally scheduled for next month was delayed after he requested a design change.
- Musk also endorsed Donald Trump after Saturday’s attempted assassination of the former president at a rally in Pennsylvania.
- Tesla's stock price has rallied in recent weeks after a better-than-expected deliveries report and positive comments from analysts.
Tesla (TSLA) shares finished Monday higher as CEO 澳洲幸运5官方开奖结果体彩网:Elon Musk said the EV maker delayed its robotaxi debut event because he requested a �♔�design change.
Musk also endorsed former President Donald Trump's candidacy in this year's election in the aftermath of an 澳洲幸运5官方开奖结果体彩网:assassination attempt against the former president at a rally in Pennsylvania Saturday.
Robotaxi Event Delayed, Without a Date Set
Musk confirmed the delay of Tesla's highly anticipated robotaxi event, 澳洲幸运5官方开奖结果体彩网:originally scheduled for Aug. 8, after reports that it would be po💙stponed to ♏October. He wrote on the social-media site X Monday that he requested "what I think is an important design change to the front."
Musk said the time would also allow Tesla engineers to add more features to the vehicle. A new date was not provided.
Analysts have offered a range of viewpoints on Tesla's plans for autonomous vehicles since the company first announced the event. 澳洲幸运5官方开奖结果体彩网:Deutsche Bank analysts called the concept a "thesis-changing" pivot to Tesla's business, while 澳洲幸运5官方开奖结果体彩网:Wedbush analysts have said products like the robotaxi and advancements in Te🐎sla's autonomous driꦗving software make the company "the most undervalued AI play in the market."
The company's better-than-expected second-quarter 澳洲幸运5官方开奖结果体彩网:production and delivery numbers sparked a rally earlier this month that saw Tesla stock 澳洲幸运5官方开奖结果体彩网:rise 44% over 11 consecutive positive trading session𒈔s, ꧃erasing year-to-date losses.
Investors will be watching for further details on the event and Tesla's plans when the company reports second-quarter earnings July 23.
Shares of Tesla finished Monday up nearly 2%.