BlockBeats News, October 9th, after Tesla’s stock price fell by 4% on Tuesday, it saw a slight rebound on Wednesday. The trigger for the turbulence was the company’s launch of low-priced versions of the Model 3 and Model Y, disappointing investors who were expecting a “revolutionary new vehicle.” Some funds took advantage of the dip to buy, but a deeper rebound momentum came from Tesla’s new business layout and market confidence restoration brought by updates to the FSD (Full Self-Driving) system.
Wall Street analysis points out that Tesla’s core growth driver is gradually shifting from electric vehicle sales to humanoid robots, autonomous driving technology, and the “robotaxi” ecosystem. Musk stated on the X social platform that the latest FSD system has significantly improved in driving smoothness and safety, and has added a “SLOTH” mode to operate with a more conservative driving strategy. Industry insiders believe that this marks Tesla’s acceleration in transitioning from a traditional manufacturer to an AI-driven mobility platform.
Stifel investment bank analysts have raised Tesla’s price target from $440 to $483, citing the company’s progress in FSD and the robotaxi network expected to contribute financially by 2026.
BiyaPay analysis stated that Tesla’s stock price volatility reflects a value revaluation during the technology innovation cycle. In the era of accelerated AI and autonomous driving revolution, the linkage between tech stocks and digital assets is strengthening. As an all-in-one multi-asset wallet platform, BiyaPay supports zero-fee cryptocurrency transactions, free USDT exchanges, investments in US and Hong Kong stocks, as well as providing global remittance services supporting same-day transfers with coverage in most countries and regions worldwide to help users seize new global opportunities in technology and finance.
