Tesla Share price prediction: Robotaxi Launch and Q3 Earnings Outlook for 2024

Summary:
• Tesla’s upcoming robotaxi launch is on October 10, 2024. The much-awaited Cybercab, its first fully autonomous vehicle, will be unveiled.

Tesla’s stock has experienced some volatility today, showing a 3.36% drop, currently trading at $244.10.

Tesla key technical levels

• Immediate resistance at $249: The stock tested this level but pulled back, suggesting a short-term challenge for bulls. If Tesla breaks through this, the next target could be around $271.25.
• Support at $240.66: The stock is holding near this level, acting as a crucial support. If this level breaks, there is potential for a dip to $233.14 or even down to the $205.53 mark, the next significant support zone.
• Momentum: momentum indicators hint that the stock could face more selling pressure in the near term unless positive catalysts emerge.

The Tesla Robotaxi Launch: A Glimpse of the Future

Tesla’s upcoming robotaxi launch is on October 10, 2024. The much-awaited Cybercab, its first fully autonomous vehicle, will be unveiled, which could open up new revenue streams and reshape urban mobility as we know it.
Tesla’s ability to deliver a reliable and scalable robotaxi fleet will be crucial to maintaining its edge.

Tesla Q3 2024 Earnings Report: What to Expect

Analysts predict robust revenue growth, driven by record vehicle deliveries. Rising costs in battery production and ongoing investments in AI could put pressure on margins. Nevertheless, Tesla’s growing energy storage business and expanding global footprint are expected to support solid financials.

Tesla’s Outlook: Innovation Meets Competition

Tesla’s future remains both promising and challenging. The success of the robotaxi launch, will determine if Tesla can continue dominating the autonomous vehicle market. Tesla’s focus on EVs and AI, keeps it well-positioned for long-term growth.