Tesla's Robotaxi Launch: A Game-Changer For Stock Performance?

Benzinga

The Tesla Robotaxi event is scheduled for October 10. Benzinga's Premarket Prep team take a look at the stock ahead of the event.

Transcript

00:00Tesla is breaking out.

00:01You got the RoboTaxi event on October 10.

00:03What is that?

00:0410-10.

00:0510-10.

00:06I mean, I like being long stocks ahead of reports.

00:10I like being long stocks ahead of events.

00:13We're like, what are we, two weeks out, basically a little over two weeks out here.

00:18So it's not surprising it's starting to perk up a little bit too.

00:21You know my position on Tesla.

00:22I think dips should be bought.

00:23Yeah.

00:24You're filling the gap.

00:26If you sat through that, that July gap, you're back there and filling it.

00:30Only run daily high here, where my cursor is, and that's at 55.76.

00:36A little bit more interest to me in today's session, or a little bit, if you're looking

00:40to lighten up there, triple D. There's a pair of highs at 58.5.

00:46That'd be another four bucks, probably fit within the average trading range for Tesla.

00:52So keep an eye on that.

00:54Pre-market high right now, have someone peeling out here just under 255 in Tesla, but trading

01:02up nicely this morning.

01:05In the absence of bad news, if there's things that, negative things aren't said, by must,

01:12the stock has the propensity to continue to move higher.

01:16What he says.

01:18He said some bad stuff that would tick a lot of people off, but the stock continues to

01:24climb here.

01:25What did I miss?

01:26The biggest risk.

01:27What did I miss?

01:28The biggest risk.

01:29What's that?

01:30What did I miss that he said?

01:31Oh, the Harris comments, you know, like with Trump in the tweet, that's what everybody

01:34was talking about.

01:35So he tweeted out, you know, basically, why is nobody trying to assassinate Harris if

01:39they're all trying to assassinate Trump, insinuating that's the Dems behind it.

01:43That's kind of what the tweet I kind of read into it, but people were really upset about

01:47that tweet.

01:48Isn't that a felony?

01:49It's not good to say.

01:53The way he worded it, the biggest risk to Tesla is not Musk, you know, his brain.

02:00His brain is awesome.

02:01It's his mouth.

02:03And then he's got, you know, he owns a social media platform, one of the biggest ones.

02:07It's somewhat scary.

02:09That is the biggest risk to the bull thesis, in my opinion, is his mouth.

02:14And does he say stuff that eventually just pisses off the entire customer base or half

02:18the customer base that they don't buy the cars?

02:20That's possible.

02:21I mean, that is a risk to the thesis.

02:23The other risk is, you know, that, you know, people really hate this guy.

02:27I mean, they really hate this guy.

02:28So there's just there's risk just to Musk.

02:31The mouth is the biggest issue.

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