Back in the stagecoach days, it was the first time an ordinary person could buy a seat instead of owning a horse. Before that, going somewhere meant owning the animal that took you there. Tesla is launching the Cybercab in Austin. Two seats, no steering wheel, no pedals. It is that same trade, two hundred years later, without the driver. This is the biggest shift since the stagecoach. $Tesla Motors(TSLA)$ $Global X Autonomous & Electric Vehicles ETF(DRIV)$ $Invesco QQQ(QQQ)$ $ARK Innovation ETF(ARKK)$
$Tesla Motors(TSLA)$ Robotaxi momentum is accelerating fast. The Dallas service area just expanded from roughly 31 to 81 square miles, about 2.6X larger. Austin is rapidly scaling fully unsupervised rides with nobody onboard. 79 additional Tesla Robotaxis were reportedly registered in Texas in a single day. Cybercabs with no steering wheel, no pedals and no driver are already testing on public Austin roads. The official Cybercab launch is confirmed for September 3. This is moving from concept to validation to deployment to scale. And if Tesla opens Cybercab reservations at the launch, I'd be in for ten. The market still isn't pricing in what happens when Tesla combines purpose-built Robotaxis, its expanding network and the lowest-cost autonom
$Tesla Motors(TSLA)$ There's a triple bottom at $337.50, and that's acting as major support for now. $352 is the major resistance. Let's see if the bulls can show up and close it strong above $355.
$Tesla Motors(TSLA)$ Tesla is reportedly preparing an August launch for the Cybercab, its robotaxi without a steering wheel, across major states, according to FT. That's a big development. Curious to see how the stock reacts going forward.
$Tesla Motors(TSLA)$ The recent price swings on this one have been wild. It is a good reminder that trying to predict the daily moves is pretty much pointless. The volatility is the whole game here, and the erratic behavior is the one constant.
$Tesla Motors(TSLA)$ The setup looks coiled tight and ready to explode higher at any moment. Volume has been low, which to me suggests not much selling pressure, while shorts still seem reluctant to cover. Patience is probably the right call here.
$Tesla Motors(TSLA)$ Feels like they shook the tree to push retail out, and now it's just a tug of war designed to make the price action boring enough that retail doesn't want to jump back in. Could just be a matter of time before that changes. Ticking away the moments that make up a dull day.