Tesla Stock Edges Higher as Robotaxi Deadline Looms
Tesla shares closed at $458.96, marking a 2.71% gain as the stock tests an early technical entry level. The MOVE comes amid renewed focus on the company's autonomous driving ambitions, with CEO Elon Musk setting a short deadline to remove safety monitors from robotaxis in Austin.
Technical indicators suggest potential upside, with a possible buy point NEAR $474.07 if momentum holds. The stock remains volatile but continues to outperform the S&P 500 long-term.
Market participants are weighing near-term price action against Tesla's aggressive autonomy timeline, which includes potential expansion to Phoenix before year-end. The 50-day moving average provided support earlier in the week, reinforcing the stock's constructive technical setup.