Tesla shares surged about 5% to $362.37 on Friday as the company's long-delayed Semi truck neared commercial launch and robotaxi permits involving Tesla, Waymo, and Uber intensified competition in Las Vegas. The electric-vehicle maker is attacking transportation from both commercial trucking and autonomous ride-hailing, with robotaxis potentially adding recurring service revenue on top of vehicle sales. Tesla also has fresh momentum after second-quarter deliveries hit a record 480,126 vehicles, outpacing production of 451,758. However, the stock trades about 332 times trailing earnings and sits 8.75% above the GF Value estimate of $333.21, leaving little room for execution missteps.
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