Tesla Sets Roadster Reveal for Oct 15, Q3 Earnings Oct 21
TSLA sits 26% above its 52-week low of $297.38.
Summary
Tesla will unveil the new Roadster on Oct 15 in Texas, with a demo using SpaceX rocket tech to lift the car. Q3 earnings follow on Oct 21 after close, with consensus at $0.43 EPS and ~$27.9B revenue. The company also disclosed its Austin Cybercab fleet surpassed 300 vehicles in 30 days, an eightfold increase, and holds 8,430 BTC worth about $960M. NHTSA extended Tesla's response deadline on the Model Y Robotaxi and Cybercab school-zone speeding probe to Oct 30. FSD is being renamed Tesla Assisted Driving in Europe amid regulatory scrutiny. These events give traders concrete dates and operational metrics to position around.
At the time of this announcement, TSLA was trading at $374.88 on NASDAQ in the Technology 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 neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.