Chart of Day: This Stock Could Explode on Thursday

You are receiving this email because you are subscribed to Daily Guru Trades. If you no longer wish to receive these emails, please unsubscribe here. Weakness is an opportunity for Tesla (SYM: TSLA). After a brief pullback from $264.86 to $237.81, the electric vehicle stock is starting to pivot higher again. Helping, the company is nearing its “robotaxi event” on October 10, which could push TSLA higher ahead of that event. Even better, according to Wedbush analyst Daniel Ives, as quoted by The Street, “We believe Robotaxi Day will be a seminal and historical day for Musk and Tesla and marks a new chapter of growth around autonomous, FSD, and AI future at Tesla. We continue to believe Tesla is the most undervalued AI name in the market and we expect Musk & Co. to unveil some 'game changing' autonomous technology at this event next week." Granted, Tesla did just post a slight miss with its third quarter deliveries report. But with all eyes now on the October 10 event, investors are shrugging it off.  Tesla reported 462,890 deliveries for Q3, which fell short of the estimate for 463,897 vehicles. The electric vehicle maker said it produced 469,796 vehicles during the quarter, which did exceed estimates. Analysts at Truist also raised their price target on TSLA to $236 from $215, citing a lower interest rate environment. "Even with deliveries today and full earnings coming Oct 23, all eyes will be on Tesla's upcoming 10/10 Robotaxi event, 'We, Robot' - the next potential catalyst for the stock,” said the firm, as quoted by Investing.com. From its last traded price of $250.08, we’d like to see it retest $264.86 initially. Did you miss yesterday's Chart of the Day? Click here to view it now. DC2 Publishing LLC 4260 NW 1st Avenue Suite # 55 Boca Raton, FL 33431 – 4264 Daily Guru Trades Copyright © 2023 Daily Guru Trades, All rights reserved. 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