Future trends behind Wuhan's “Radish Run” and Tesla's stock price surge Whether Tesla's short-term support level has been reached, and does the continuous rise in the general market need a break by: Langjian Trading

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Wuhan's “Radish Run” driverless taxi completed a 5 million order, marking an important turning point in the artificial intelligence revolution. Unmanned vehicles attract a large number of passengers with their advantages such as low price, no smell, and air conditioning. They only cost 4 yuan for 6 kilometers, far lower than the 18 yuan of ordinary online car-hailing. Despite shortcomings such as fixed pick-up and disembarkation locations and slow speed, it has broad prospects for low cost and efficient operation. Baidu expects to achieve balance of payments in 2024 and start making profits in 2025. With Tesla's FSD technology being implemented in China, cities such as Shanghai are also planning to introduce driverless taxis. This technological innovation has had a huge impact on the traditional online car-hailing industry and may threaten the employment of millions of drivers. History has proven that the resistance of old productivity will eventually be replaced by new technology, and the development of artificial intelligence is unstoppable.

Tesla (TSLA) is actively promoting the development of driverless taxis and plans to release its driverless taxis on August 8. This move is seen as a key opportunity for its future growth.

Tesla shares rose about 4% on Tuesday, achieving the 10th consecutive trading day of gains. This positive trend means Tesla has erased all losses since the beginning of last year, with a year-to-date increase of about 5%. Shares have surged about 75% since hitting a 52-week low in April. Analysts attributed this performance to the company's second-quarter vehicle production and delivery data exceeding Wall Street expectations, as well as the momentum surrounding Tesla's AI business. Although Tesla's stock price fell sharply at the beginning of the year because the fourth-quarter earnings report fell short of expectations, the bears were caught off guard by surprise.

Whether Tesla's short-term support level has been reached, and whether the continuous rise in the general market needs a break, let's take a look at the following video.