Shares of electric-vehicle giant Tesla, Inc. (TSLA) are poised for further gains after a solid performance in premarket trading. Despite a nervous start projected for Wall Street stocks, Tesla's stock rose 2.01% to $223.82 in premarket trading, building on Wednesday's 4.18% jump. This upward momentum is partially attributed to the stock's relative attractiveness from a valuation perspective. Although Tesla has experienced a 12% decline this year compared to the S&P 500 Index's gain of 15.7%, the company has several imminent catalysts that could propel its growth.

One of the upcoming catalysts for Tesla is the highly anticipated robotaxi unveiling scheduled for October 10. With investors eagerly awaiting this event, the company's stock is expected to benefit from the excitement surrounding Tesla's autonomous driving technology. Additionally, Tesla's announcement of its timeline for launching full self-driving (FSD) technology in Europe and China has further contributed to positive sentiment among traders.

Tesla's AI unit recently released its roadmap, revealing that FSD will be introduced to the Cybertruck in September, along with an auto park feature. The company also hinted at plans to roll out FSD in Europe and Asia by the first quarter of 2025, contingent on receiving regulatory approval. While this expansion presents challenges in terms of data collection and testing, obtaining regulatory approval could lead to significant recurring revenue for Tesla through the sale of the FSD package.

In addition to these developments, traders on social media have been discussing positive technical trends for Tesla's stock. The stock's Relative Performance value, which had been below 25 for several months, recently crossed that threshold, indicating potential outperformance in the future. This observation has further bolstered investor confidence in Tesla's resilience.

Wolfe Research analyst Emmanuel Rosner recently assumed coverage of Tesla's stock with a Peer Perform rating, adding further credibility to the positive sentiment surrounding the company. As Tesla continues to innovate and expand its market presence, analysts and investors alike are closely monitoring its progress in the future of mobility.

As Wall Street prepares for a potentially nervous trading day, Tesla stands out with its premarket gains. With the robotaxi unveiling and the future launch of FSD technology on the horizon, the company is positioning itself for continued growth in the electric vehicle market.