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Shares Fall Below $300 Mark as Banks Cut Targets; Can the Stock Rebound?

Shares Fall Below $300 Mark as Banks Cut Targets; Can the Stock Rebound?

Tradingkey – On July 29, Eastern Time, Tesla ( TSLA) fell below the $300 threshold, hitting a new low in nearly a year. Reportedly, Tesla executives, when outlining key takeaways from the earnings call, stated that the Optimus humanoid robot’s Fremont production line will begin production by the end of 2026, with a long-term planned annual capacity of 1 million units, while the second production line in Texas has a long-term goal of 10 million units in total annual capacity.

However, Ross Gerber, CEO of investment firm Gerber Kawasaki, warned that it could take a long time for Elon Musk to achieve commercial success with Tesla’s Optimus robot, as it is not only difficult to manufacture but also unlikely to generate revenue in the short…

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