October is set to be a critical month for Tesla. It’s been a rough year for the EV maker’s stock, but a new optimism related to next month's Q3 earnings release helped drive shares up 5% on Monday, erasing their previous year-to-date losses.
The recent shift in sentiment around Tesla comes in part from the company's status as an AI darling for several high-profile tech bulls, which has helped drive anticipation for the long-awaited “robotaxi day” on Oct. 10. That's when Tesla is expected to provide updates on what it calls its “full self-driving” software at the event, as well as a demonstration of its planned autonomous “cyber-cab.”
