Tesla shares have risen despite missing revenue and earnings expectations, largely due to optimism surrounding trade talks between the U.S. and U.K., as well as the U.S. and China. Analysts believe this trade optimism provides a boost to Tesla's outlook. The company also holds significant Bitcoin assets and is preparing for the launch of its robotaxi service, with Musk indicating that upcoming advancements in autonomous technology could positively impact Teslaâs financials by late 2026.
Optimism around the China tariff and trade tensions scaling down is a boost for Tesla.
Musk said Tesla will first use existing Model Y vehicles outfitted with self-driving software. The automaker is also developing a dedicated autonomous model, dubbed the Cybercab.
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