Is Tesla finally experiencing good news? Can the stock price skyrocket again?

Anticipated "FSD" and "RoboTaxi".
Tesla plans to launch "Full Self-Driving" (FSD) in China and Europe in the first quarter of 2025.Currently, pending approval from regulatory authorities, as stated in a post by the official Tesla AI account 'X.' This year, Tesla is focusing on improving FSD in the USA and equipping it on the Cybertruck. CEO Mr. Musk...I am optimistic about receiving approval from the regulatory authorities by the end of this year.Indicated.

According to Bloomberg, Tesla is planning to hold an event at the Warner Bros. Discovery movie studio on October 10th, where the delayed 'RoboTaxi' will also be announced. The 'RoboTaxi' is fully autonomous, without a steering wheel or pedals, and will be operated through Tesla's new ride-hailing service. Elon Musk has referred to the 'RoboTaxi' as the 'CyberCab' and it has been suggested that it may draw design inspiration from the Cybertruck.

Cathy Wood, CEO of the US asset management company ARK Investment, has repeatedly emphasized a bullish rating for Tesla. ARK is optimistic that Tesla will generate over 950 billion dollars in net profit from self-driving cars in a bullish market.On the other hand, UBS estimated that Tesla's core business, including automobiles and energy, can contribute to a current Tesla stock price of around 74 dollars.It is listed on May 23. It tracks the index of Mirae Asset India Select Top10+Index (including dividends) in yen.

A contribution.Only worth about 74 dollars.If the market's trust in AI projects begins to waver, there is a possibility that the stock price will further decline.

Delivery is going well.
According to data from the China Association of Automobile Manufacturers, Tesla achieved a sales volume of 0.063 million units in August, a 37% increase compared to the previous month, due to increased sales in small cities. This is a slight decrease from the same month last year (0.065 million units). In addition, the number of deliveries from the company's Shanghai factory increased for the second consecutive month in August, with an increase of 17% compared to the previous month and 3% compared to the same month last year, reaching 86,697 units.

Attention to humanoid robots.
Elon Musk's latest comment on "X" (formerly Twitter) once again mentioned humanoid robots. In response to a tweet about his own health, Musk stated that his condition is "mostly good, but there are some bad parts" and added the intriguing words, "The future will be wild. Many robots will appear...". At present, Tesla is actively developing robots, and investors view this comment as a reaffirmation of the company's commitment to robotics.

Technical analysis.
According to analysts from Seeking Alpha, Tesla's stock price appears to be at a turning point in the trend. If the stock price can break through $220 smoothly, there is a high possibility of a rapid increase to around $250, and it is noted that the resistance level is around $260.

In addition, it is also commented that if Tesla rises to the resistance level around $260, a "cup and handle" pattern will be formed starting from early 2024.