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Why Tesla Stock Surged Higher Friday
Tesla (NASDAQ: TSLA) stock is ending the week on a high note. Shares of the electric vehicle (EV) leader surged as much as 5% higher today as investors anticipate good things ahead. Ironically, some of the optimism came from a recent announcement from a competitor in self-driving technology.Tesla is on the verge of finally displaying its technology for fully autonomous driving vehicles. That's less than one month away, and has investors piling into the shares. As of 2:38 p.m. ET, the stock was trading near the day's highs, up 4.7%. That's helped give the stock a nearly 10% gain just over the last month.Tesla doesn't have any fully autonomous, driverless vehicles on the road. One would think the competition is way ahead, as Alphabet's Waymo is currently generating revenue from its robotaxi service, providing over 250,000 driverless rides per week. Yet a partnership announced by Waymo this week indicates that Tesla may really have the advantage.Continue reading
Tesla (NASDAQ: TSLA) stock is ending the week on a high note. Shares of the electric vehicle (EV) leader surged as much as 5% higher today as investors anticipate good things ahead. Ironically, some of the optimism came from a recent announcement from a competitor in self-driving technology.
Tesla is on the verge of finally displaying its technology for fully autonomous driving vehicles. That's less than one month away, and has investors piling into the shares. As of 2:38 p.m. ET, the stock was trading near the day's highs, up 4.7%. That's helped give the stock a nearly 10% gain just over the last month.
Tesla doesn't have any fully autonomous, driverless vehicles on the road. One would think the competition is way ahead, as Alphabet's Waymo is currently generating revenue from its robotaxi service, providing over 250,000 driverless rides per week. Yet a partnership announced by Waymo this week indicates that Tesla may really have the advantage.
