Alright, Tesla fans, it’s time to mark your calendars. October’s shaping up “BIGLY” (as Trump would say). 

That’s because on October 10, Tesla is set to reveal its highly anticipated robotaxi at an event in Los Angeles, and Musk is hyping it up like it's going to be bigger than the Model 3 launch (remember that?). But let’s be real—Elon’s known for overpromising, so we can only hope this event delivers better than the infamous Fyre Festival. Fingers crossed we get a robotaxi and not a cheese sandwich.

The invitations went out to a lucky few Tesla investors on Wednesday. Musk, always one for the dramatic, posted a teaser on X (formerly known as Twitter), proclaiming, “This will be one for the history books.”

 

The event announcement itself reads: "We, Robot", and will take place on 10.10 in Los Angeles. Whether this is Musk’s nod to Isaac Asimov’s “I, Robot” book or just another cryptic Elon-ism, who knows? But with a tagline like that, I’m expecting something big—at least bigger than his Cybertruck’s windows.

Tesla’s robotaxi event is expected to showcase the company's latest efforts in full self-driving (FSD) tech. Investors, analysts, and Tesla fanboys are all hoping to see a fully autonomous "cyber-cab" in action, but there’s a catch—Tesla currently only has permits to test autonomous vehicles with a driver. So, unless the robotaxi comes with a human chauffeur, don’t expect to see driverless Teslas zooming down your street just yet.

Musk has been teasing this event for months, even pushing it back from August to “make some important changes” to the robotaxi. If his history is any indication, we may also see a surprise or two thrown in—perhaps the Optimus robot flipping burgers at a Tesla Diner? Maybe an electric plane? Honestly, at this point, anything's possible with Elon.

Tesla’s stock has been riding high lately, jumping 1.7% on Thursday after gaining more than 1% the day before, sitting pretty around $255. It’s also up a solid 20% in September after taking a 7.7% crash in August. With third-quarter delivery numbers and earnings coming next month, October could be make-or-break for Tesla’s stock, which is still clawing its way back after a rough summer.

Goldman Sachs is even getting in on the action, recommending options trades on Tesla ahead of the robotaxi reveal. If you’re into options, they’re suggesting the Oct. 24 expiry call options at a $255 strike price, but if you decide to take the risk, definitely don’t bet your moms house again.

According to Piper Sandler analyst Alexander Potter, Tesla’s third-quarter deliveries are likely to be its best ever—he’s projecting around 459,000 units delivered. This is despite sluggish sales in Europe (down 43.2% in August), though China’s numbers are looking stronger, and the Cybertruck seems to be driving demand in the U.S. (pun intended).

But here’s where it’s not adding up for me, profits from Tesla’s autonomous driving tech, including robotaxis, could take years to materialize. So while Musk is out here promising the future, investors will still be glued to the more immediate metrics like profit margins, delivery numbers, and free cash flow when Tesla reports earnings later this month.

Tesla’s robotaxi reveal is shaping up to be the automotive equivalent of the Super Bowl—or at least that’s what Musk would have us believe. Will it live up to the hype? Will we finally get a driverless cab cruising down Hollywood Boulevard? Or will this go down in history as Elon’s latest over-promise? 

Either way, October 10 is going to be one heck of a show. Keep your eyes on Tesla’s stock—and maybe set a reminder for Tesla’s earnings report on October 16. Who knows, by the end of the month, we might all be hailing robotaxis—or just watching Musk tweet about why they’re delayed until next year. Again.

P.S. Have you seen what the data is showing for current short positions on this week's alert?! Simply put, we’re looking at over $3,000,000 sold SHORT! No one knows what will happen but if we see a short squeeze it could be one for the record books! Click here asap to get the details… 

Stock.News has positions in Tesla.