Tesla Motors Rises 3%, FSD Approved in Slovenia as Multiple Catalysts Drive Rebound

Market Focus
Sep 08

On September 8, Tesla Motors rose 3% in regular trading, rebounding sharply after last Friday's nearly 6% selloff triggered by a disappointing Cybercab update event.

Multiple catalysts converged to lift sentiment. Tesla announced its Full Self-Driving Supervised technology received approval in Slovenia, with rollout expected soon, marking further expansion of its autonomous driving footprint into Europe. Separately, Tesla confirmed its rare-earth-free motor has officially been deployed in the Cybercab, achieving zero rare-earth content with no compromise on range. The drive unit features a 163kW motor paired with a 47.6kWh battery delivering approximately 673 km of range, while reducing volume by 18% and weight by 25% versus comparable units.

Additionally, Tesla AI head Ashok Elluswamy indicated Robotaxi service could achieve 24-hour operations as early as next month once the next technical milestone under the v15 plan is integrated. Goldman Sachs maintained a Neutral rating with a $360 target, noting Cybercab's cost advantages but flagging software scalability as the key valuation driver.

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