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Tesla Is Now Up 18% in a Month: Take Profits, or Buy More?
The rally hinges on Cybercab delivery and a 17% chance of California robotaxi approval, traders said, as Tesla keeps spending more than $25 billion on autonomy.
Tesla has surged while its EV peers stumble or collapse, but the rally rests entirely on a single event that has yet to happen. What the peer tape reveals about this trade changes the calculus entirely.