The Tesla Robotaxi event is scheduled for October 10. Benzinga's Premarket Prep team take a look at the stock ahead of the event.
Category
🗞
NewsTranscript
00:00Tesla is breaking out.
00:01You got the RoboTaxi event on October 10.
00:03What is that?
00:0410-10.
00:0510-10.
00:06I mean, I like being long stocks ahead of reports.
00:10I like being long stocks ahead of events.
00:13We're like, what are we, two weeks out, basically a little over two weeks out here.
00:18So it's not surprising it's starting to perk up a little bit too.
00:21You know my position on Tesla.
00:22I think dips should be bought.
00:23Yeah.
00:24You're filling the gap.
00:26If you sat through that, that July gap, you're back there and filling it.
00:30Only run daily high here, where my cursor is, and that's at 55.76.
00:36A little bit more interest to me in today's session, or a little bit, if you're looking
00:40to lighten up there, triple D. There's a pair of highs at 58.5.
00:46That'd be another four bucks, probably fit within the average trading range for Tesla.
00:52So keep an eye on that.
00:54Pre-market high right now, have someone peeling out here just under 255 in Tesla, but trading
01:02up nicely this morning.
01:05In the absence of bad news, if there's things that, negative things aren't said, by must,
01:12the stock has the propensity to continue to move higher.
01:16What he says.
01:18He said some bad stuff that would tick a lot of people off, but the stock continues to
01:24climb here.
01:25What did I miss?
01:26The biggest risk.
01:27What did I miss?
01:28The biggest risk.
01:29What's that?
01:30What did I miss that he said?
01:31Oh, the Harris comments, you know, like with Trump in the tweet, that's what everybody
01:34was talking about.
01:35So he tweeted out, you know, basically, why is nobody trying to assassinate Harris if
01:39they're all trying to assassinate Trump, insinuating that's the Dems behind it.
01:43That's kind of what the tweet I kind of read into it, but people were really upset about
01:47that tweet.
01:48Isn't that a felony?
01:49It's not good to say.
01:53The way he worded it, the biggest risk to Tesla is not Musk, you know, his brain.
02:00His brain is awesome.
02:01It's his mouth.
02:03And then he's got, you know, he owns a social media platform, one of the biggest ones.
02:07It's somewhat scary.
02:09That is the biggest risk to the bull thesis, in my opinion, is his mouth.
02:14And does he say stuff that eventually just pisses off the entire customer base or half
02:18the customer base that they don't buy the cars?
02:20That's possible.
02:21I mean, that is a risk to the thesis.
02:23The other risk is, you know, that, you know, people really hate this guy.
02:27I mean, they really hate this guy.
02:28So there's just there's risk just to Musk.
02:31The mouth is the biggest issue.