Strong momentum from robotaxi launch and better-than-expected deliveries boosts shares

Tesla's stock surged by 6.69% today, driven by strong momentum from the recent launch of its robotaxi service in Miami and better-than-expected second-quarter vehicle deliveries. The robotaxi launch has raised expectations for new high-margin revenue streams, while the record Q2 deliveries have alleviated concerns about demand sustainability, signaling a potential stabilization in the company's performance. These developments have collectively boosted investor confidence, leading to a significant rebound in Tesla's stock price.