Tesla (TSLA) Stock Rises with Strong Model 3 Sales and Robotaxi Developments

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Tesla (TSLA, Financial) saw its stock rise by 3.21% last Friday, and it continues to gain momentum in pre-market trading with an increase of 1.42%, reaching $334.34. The company announced that global sales of its Model 3 have reached 3 million units, maintaining its position as the world's best-selling electric sedan for seven consecutive years.

CEO Elon Musk highlighted significant advancements in their Robotaxi technology, stating that integrating upgrades into the Austin production will significantly enhance Tesla's autonomous driving capabilities. These upgrades are undergoing validation processes to ensure they do not negatively impact other functionalities. In regions like Europe, Tesla is awaiting regulatory approval, which is anticipated soon.

Tesla plans to release its financial results on July 23rd. Investors and analysts will be looking closely at this announcement for further insights into the company's performance and future prospects.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.