US Stock Market Move | Tesla, Inc. (TSLA.US) rose over 4%, and the release of the autonomous taxi Cybercab is imminent.

On Thursday, Tesla, Inc. (TSLA.US) rose more than 4%, closing at $372.83. In the news, on September 3 local time, Tesla, Inc. will officially launch its autonomous taxi, Cybercab. Morgan Stanley analyst Andrew Percoco stated that the launch of Cybercab will be more significant than previous product demonstrations, as this business accounts for $120 of the $400 price target for Tesla, Inc. stock, making it crucial. Percoco pointed out that if Thursday's event is merely the launch of Cybercab with a limited number of operational vehicles, the stock price of Tesla, Inc. may decline during this period. However, if the fleet of Tesla, Inc.'s autonomous taxis significantly expands, the stock price of Tesla, Inc. could perform exceptionally well.