Tesla's stock is experiencing a notable upswing on December 23, 2024, driven by several key developments. Analysts have highlighted the potential for Tesla vehicle owners to earn significant income by renting their electric vehicles to a robotaxi fleet, a concept Elon Musk has likened to a combination of Airbnb and Uber. This prospect has sparked investor interest, as it could open new revenue streams for Tesla and its customers. Additionally, discussions around Tesla's autonomous vehicle initiatives, including talks to bring autonomous vehicles to Texas roads, have further fueled optimism about the company's future growth prospects.
The Graniteshares 2x Long TSLA Daily ETF (TSLR) is up 5.2% in pre-market hours on Monday, December 23, reaching $50.15 as of 8:23 AM ET.