Why Did Tesla Stock Jump Today?
Yahoo Finance ·
Tesla ( TSLA +6.01% ) has expanded its robotaxi rollout, and a company executive has teased that another major announcement is coming tomorrow. That news helped shares pop today. As of 2:27 p.m. ET, Tesla stock was higher by 6% to start the week. The company posted on its social media account that it has officially launched its driverless robotaxi service in Miami, Florida. That is giving investors a clue about what a Tesla vice president was talking about last week when he teased that a big announcement is coming tomorrow. Tesla said it has started its robotaxi service in Miami on July 3. That makes Florida the third state beyond Texas and California, but the rollout has been measured. In the post announcing the Miami launch, the company's social media account included a map showing a relatively small geofenced area where the service will be available. More importantly for investors, though, is what it could mean for the announcement that is coming tomorrow. Tesla vice president of vehicle engineering, Lars Moravy, appeared on a podcast last week and stated that on July 7, "there will be some cool news about things happening around Giga Texas as part of the scaling effort."
DYAX Investor Sentiment
Bullish (Long) 47% · Bearish (Short) 53%
558 participants
Related News
- Nasdaq leads Wall Street higher as semiconductor stocks rebound
- BP's interim chair Tyler considers bid for permanent role - Sky News
- CrowdStrike extends rally to seven sessions after stock split
- SEC taps JPMorgan Chase exec for its operating chief
- Sector Update: Tech Stocks Gain Late Afternoon
- Update: US Equity Indexes Rise as Growth Areas Top Sector Charts