Why Shares of Tesla Are Surging Today

One day after its stock fell due to poor second-quarter earnings results, shares of (NASDAQ: TSLA) rebounded and traded nearly 3.6% higher, as of 2:03 p.m. ET today, on renewed optimism about the company's emerging robotaxi business.

Tesla's stock fell over 8% yesterday after the company reported second-quarter earnings that showed revenue fell 12% year over year and operating income came in 25% lower than expected. Investors knew a rough quarter was in the works earlier this month after the company reported that second-quarter deliveries declined 14% year over year.

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Source Fool.com