It's Robotaxi week; Will Tesla (TSLA) stock target $300?

Core Viewpoint - Tesla is set to host its 'Robotaxi' event on October 10, which is expected to significantly impact its share price and showcase advancements in autonomous driving technology [1][2]. Group 1: Event Significance - The Robotaxi event is anticipated to highlight Tesla's Full Self-Driving (FSD) capabilities, marking a pivotal moment for the company [2]. - Analysts have varying opinions on the event's impact, with some viewing it as a potential turning point for Tesla's stock [2][3]. Group 2: Analyst Perspectives - Dan Ives from Wedbush considers the event a 'seminal and historical day' for Tesla, rating the stock as 'Outperform' with a price target of $300 [2]. - Deutsche Bank's Edison Yu expresses caution, suggesting the event could lead to a 'sell the news' scenario, while maintaining a 'Buy' rating with a price target of $295 [2]. - Canaccord Genuity analysts have muted expectations regarding the Robotaxi's near-term availability, setting a price target of $254 [2]. - Bernstein analysts highlight regulatory hurdles as a significant risk, suggesting that Tesla may struggle to grow units this year [2]. Group 3: Technical Analysis - A stock analyst noted a bullish inverse head-and-shoulders pattern in Tesla's weekly chart, indicating potential upside momentum [3]. - Increased institutional buying supports the recent breakout, with the Relative Strength Index (RSI) signaling a bullish trend [3]. - TrendSpider's analysis suggests a potential breakout could drive Tesla's stock price toward the $300–$400 range, following a prolonged consolidation phase [4]. Group 4: Market Response - The ultimate impact of the Robotaxi event on Tesla's stock will depend on market reception and the company's execution of its autonomous ride-sharing vision [4].