Tesla – TSLA
Tesla Stock Speeds Ahead Of Mag7 Peers, Can October’s Robotaxi Reveal Keep The Momentum?
Tesla Inc TSLA stock revved up in September, soaring over 24% and leaving its Magnificent Seven peers in the dust.
Year-to-date gains for the car manufacturer stock are a modest 5.32%. Still, Tesla’s recent surge outpaces rivals like Nvidia Corp NVDA and Amazon.com Inc AMZN by a wide margin.
The question now: Can Tesla sustain this rally, or is it running out of gas?
The upcoming Robotaxi event, scheduled for Oct. 10 in Los Angeles, is also fueling investor optimism. CEO Elon Musk has hyped this event as potentially Tesla’s most significant moment since the Model 3 launch, and Wall Street bulls like Dan Ives and Adam Jonas expect key updates on FSD and autonomous driving.
