Tesla ( (TSLA) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Tesla’s stock is on the rise as the company makes significant strides in its robotaxi strategy, having secured a permit in Arizona and planning to expand to more U.S. cities with its Full Self-Driving system. Additionally, Tesla’s progress in AI chip development, essential for its autonomous driving technology, is drawing attention, despite being in the early stages compared to competitors like Waymo. Analysts have mixed opinions on the stock, citing concerns about its valuation and competitiveness in the self-driving market.
More about Tesla
YTD Price Performance: 3.11%
Average Trading Volume: 89,697,384
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1300.7B
For further insights into TSLA stock on TipRanks’ Stock Analysis page.
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