Tesla's stock fell 20% YTD amid 2Q revenue growth of 2%, and an October robotaxi showcase may impact investor confidence and stock price.
Tesla's stock has fallen 20% YTD amid 2Q revenue growth of 2% to $25.5B, while operating expenses increased. A pivotal event for Tesla is its robotaxi showcase, planned for Oct. (originally Aug.), demonstrating progress towards full self-driving capabilities. This event could boost investor confidence and solidify Tesla's premium status, or result in further downward pressure on margins and stock price if progress is not shown.
August 10, 2024
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