Tesla (TSLA) recently reported solid third-quarter results. Profits were better than Wall Street projected, and CEO Elon Musk indicated its production would continue growing. Investors celebrated by pushing the stock 22% higher on Thursday, and closing out last week in the green.
Elon Musk recently shared plans to grow Tesla’s vehicle sales by 30% next year, blasting ahead of investors’ predictions. His optimism caused TSLA to further surge to open this week. Now that the RoboTaxi is coming soon, the company is expected to further grow, prompting firms to reconsider their stock predictions.
Tesla Stock To Rise Further With New Models And Robotaxi Launch?
Ark Invest is one of numerous asset management companies that are chiming in on Tesla’s recent performance. The firm says that the Tesla Robotaxi, in particular, is a transformative, multi-trillion-dollar opportunity. “Elon Musk confirmed that next year Tesla will…
