Let the TSLA Headlines Begin!

TSLA was one of our biggest movers to the upside last week (+7% through close Thursday) after a slew of positive news, before heading back down on Friday.

To recap:

• Tesla is reportedly planning a six-seat model Y, with Chinese production expected in 2025.

• The company plans to launch its full self driving product in Europe and China early next year if it can secure regulatory approvals.

Today TSLA released more positive news from China, showing its EV sales grew +37% from July.

On the consumer front, cybertruck still generating lots of chatter. Shaq just had his second one delivered.

And more and more investors are talking about Tesla not as a car company, but as a robotics leader.

Which, true.

We recently featured TSLA as a major robotics winner driven not just by its robotaxi but its optimus robot, which is generating high levels of scale and efficiency for Tesla's own production.

But Tesla's Robotaxi Event Could be a Major (Positive) Catalyst for TSLA.

The event is quickly approaching -- just about a month out -- and even analysts are bullish, with some expecting surprises during the event aside from a demo of the "CyberCab".

Robotaxis allow the company to fulfill its vision of making car ownership actually a revenue generation vehicle for owners. You can easily envision the potential partnerships with companies like Uber, who is already offering its drivers incentives to purchase teslas.

Tesla leads other major self-driving players like Waymo TREMENDOUSLY when it comes to practice, generating 66x more driving data with its 6 million vehicles on the road.

How does Tesla demand look?

LikeFolio web data shows some tempering in auto web visits across the board, with TSLA, Toyota and Ford all logging YoY decreases in traffic.

But most importantly, this chart shows Tesla is the unequivocal consumer attention leader vs. other auto manufacturers. We couldn't even put other names like Rivian and GM on the chart bc volume was too low.

Last quarter TSLA earnings failed to impress, sending shares lower. Automotive revenue fell -7% YoY but energy generation and storage revenue is becoming a larger piece of Tesla's pie.

TSLA's next earnings are not expected until AFTER the robotaxi event -- at this point, TSLA seems to be more of a binary bet on the successful transition to robotics vs. carmaker.

We will take the bet.