Tesla Stock Rebounds as Plans for Robotaxi Launch and Optimism Drive Market Gains

With a 10% share surge this week and expectations for a robotaxi rollout in June, Tesla is navigating obstacles while showing recovery despite lower Q1 profits.

Sources:

Updated 4m ago

Future Forecast

Plans for Robotaxi Launch and Market Optimism

Tesla expects to be selling fully autonomous rides in Austin, Texas, in June, with that business expanding to other cities this year.

Elon Musk

Weekly gain in shares

15%

Friday's share jump

10%

Projected weekly gain in shares

18%

Key Facts

Tesla has been preparing for a robotaxi rollout in Austin, projecting to launch by June 1.
Optimism surrounding a near-term entry into India has also fueled a 10% share surge this week.

Background Context

Tesla Q1 Performance and Musk's Focus Shift

Starting next month I will be allocating far more of my time to Tesla.

Elon Musk

EPS for Q1

Revenue decrease for Q1

Revenue for Q1

$19.335 billion

Key Facts

Tesla's Q1 earnings reported a 40% drop in EPS to 27 cents per share and a 9% decrease in revenue to $19.335 billion.
Elon Musk has committed to focusing on Tesla, announcing that starting May, he will spend less time on DOGE and more on the company.

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Tesla Stock Rebounds as Plans for Robotaxi Launch and Optimism Drive Market Gains

Plans for Robotaxi Launch and Market Optimism

Tesla Q1 Performance and Musk's Focus Shift

Other Facts in these Reports

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