Tesla will reveal its Robotaxi on October 10, delayed from August. Q2 revenue reached $25.5 billion, surpassing forecasts but missing profit expectations, resulting in a 12% drop in stock price.
Tesla's sales in August 2024 dropped by 43.2%, contributing to a broader decline in electric vehicle sales across the European Union.
Morgan Stanley analyst Adam Jonas maintained an Overweight rating on Tesla with a $310 price target, emphasizing the importance of AI execution for the company's future valuation.