Tesla's recent announcement of its upcoming robotaxi service and the unveiling of the Cybercab have generated significant investor enthusiasm, contributing to a notable surge in TSLA's stock price. However, while these developments are promising for Tesla's long-term vision, they may not provide sufficient support for the current elevated stock levels in the short term.
Competitors like Waymo and Zoox have already established operational autonomous ride-hailing services in select markets, potentially challenging Tesla's market entry and adoption rates.
Despite recent relaxations in federal self-driving regulations, Tesla's autonomous services must still navigate a complex landscape of state and local laws, which could impact the pace of deployment and revenue realization.
Competitors like Waymo and Zoox have already established operational autonomous ride-hailing services in select markets, potentially challenging Tesla's market entry and adoption rates.
Despite recent relaxations in federal self-driving regulations, Tesla's autonomous services must still navigate a complex landscape of state and local laws, which could impact the pace of deployment and revenue realization.
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Broke under 284, Looking to retest 280s.
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Looking to retest 270s.
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Broke Previous Lows. Looking good for puts
Trade closed: target reached
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