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Tesla Cybercab Launch Plans Push Stock Toward Strongest Weekly Gain Since May

Tesla Cybercab Launch Plans Push Stock Toward Strongest Weekly Gain Since May

Key Stats for Tesla Stock

  • Price change for Tesla stock in last 1 year: 7%
  • $TSLA Stock Price as of Aug. 21: $363
  • 52-Week High: $499
  • $TSLA Stock Price Target: $390

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What Happened?

Tesla (TSLA) stock is on track for its strongest week since May, driven mostly by robots and robotaxis.

On this week’s Q2 earnings call, Elon Musk said Cybercab has officially started production, along with early manufacturing of Optimus, the Tesla Semi, and Megapack 3.

Musk called this “a massive CapEx year,” but said he expects it to deliver “maybe the best CapEx returns that we’ve ever seen.”

The…

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