Tesla Stock Jumps After Unveiling Robotaxi Plans. It’ll Either Be a Huge Deal—or a Big Miss.

The past few days have been a wild ride for Tesla investors—and the drama isn’t over. CEO Elon Musk wrote on X Friday evening that Tesla would unveil a robotaxi on Aug. 8 after denying reports that the electric-vehicle company would cancel its lower-priced EV, typically referred to as the Model 2, that is due on roads in late 2025. “We view Friday’s sequence of Tesla news as potentially thesis-changing for investors, but with still many questions unanswered, it may be too early to tell if it is particularly bearish, or potentially positive,” wrote Deutsche Bank analyst Emmanuel Rosner in a Monday report.