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Tesla (NASDAQ: TeslaShares of General Motors rose Monday as investors prepared for the electric-car maker’s second-quarter earnings report and awaited word on whether its Aug. 8 robotaxi event has been postponed.
Morgan Stanley doesn’t think delay in robotaxi project will hurt The event will be negative. Analyst Adam Jonas and his team believe that postponing Robotaxi Day will highlight more of Tesla’s achievements (Tesla) AI capabilities extend beyond app-based self-driving cars. The company expects Tesla’s fourth master plan to be driven by its commercial ambitions in AI, robotics, and hybrid computing (including distributed thermal computing and in-vehicle computing) that span the cloud to the edge. “Over the next few months/quarters, we expect to see the world of GenAI (digital AI assistants) collide with the automotive ecosystem,” Jonas noted.
Elon Musk made some news over the weekend when he said he “fully supports” Donald Trump. Earlier this month, Musk appeared to reverse his previous stance on not donating to Republican or Democratic presidential candidates when he was reported to have given a large sum of money to the American Political Action Committee, a powerful political action committee based in Austin, Texas. Some analysts believe Tesla (TSLA) will benefit from the new Trump administration, even if some government support for electric vehicles is reversed.
Tesla (TSLA) shares rose 4.00% In pre-market action, EV’s stock price has risen more than 40% over the past six weeks.