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The electric-vehicle maker’s self-driving technology event, slated for Thursday, will affect shares of many companies.

Elon Musk will unveil Tesla’s (NASDAQ: TSLA) “robotaxi” on October 10 instead of August 8, as originally planned. The “robotaxi” is supposed to be America’s first fully autonomous vehicle, meaning it can drive without human help.

The hype is huge, but Tesla is far from making a robotaxi you can bet your life on. So just what will they show to live up to the claim of "one for the history books?"

Tesla stock retreated Monday as investors await the robotaxi reveal on Thursday. Meanwhile, reports resurfaced Monday that U.S. robotaxi industry leader Waymo, a unit of Alphabet, has hired a former Tesla executive.

I'm initiating Tesla with a buy for near-term investors ahead of the highly anticipated Robotaxi Day and 3Q24 earnings.

Tesla ($TSLA) will be highlighting its self-driving technology at its Robotaxi Day event on October 10 in Hollywood, California. This could be a