Tesla shares opened around $372 on October 13 and traded in a $371–$377 range through midday, down roughly 1% from the prior close of $378.03, amid moderate volume and broader equity weakness. Recent momentum stems from the Q3 delivery beat of 486,532 vehicles—above consensus—though year-over-year volumes declined slightly and Cybertruck output remained modest. Regulatory scrutiny of robotaxi features, including a new NHTSA review and Europe’s rebranding of Full Self-Driving to “Assisted Driving,” continues to weigh on autonomy-related sentiment. Traders are also positioning ahead of the October 21 earnings release, with the stock’s 52-week range spanning $297–$499 and current levels reflecting both EV demand stabilization and longer-term robotics optimism priced into valuations.
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