Tesla Cybercab Production Active, EU FSD Approvals Advance, MOEX Futures Launch
TSLA sits 26% above its 52-week low of $297.38.
Summary
Tesla held a second Cybercab event with production active at Gigafactory Texas and small robotaxi operations running in some cities with partial human monitors. The company also won provisional EU approvals for Full Self-Driving in five countries, with an EU committee meeting on Oct 6 that could lead to bloc-wide approval. MOEX will list a ruble-settled perpetual futures contract for TSLA starting Sept 8 and Sept 15, expanding access for Russian investors. German registrations jumped 110.5% YoY in August, continuing strong European demand. Gene Munster commented that the Austin launch of the Cybercab signals Elon Musk's 'paranoid' phase over robotaxi accidents is over, adding 'That's just the start.'
At the time of this announcement, TSLA was trading at $374.64 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $297.38 to $498.83. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.