US EditionTesla stock hits record as Wall Street rallies around robotaxi hype despite slow EV sales
Tesla’s driverless Robotaxi testing in Austin advances with plans to remove safety monitors by year-end, fueling a 40% stock rally despite sales declines and brand challenges.
- This past week, Elon Musk said Tesla has been testing driverless vehicles in Austin with no occupants, pushing shares to an all-time high of $489.48 after a recent 40% rally.
- Tesla reported a 13% decline in deliveries and a 20% drop in automotive revenue as U.S. sales hit a four-year low, pressured by Musk's political activity and the loss of a federal tax credit.
- Tesla confirmed it removed vehicle occupants and began testing unsupervised Robotaxi rides in Austin, Texas, while planning rollouts to five additional cities including Houston, Dallas, and Miami.
- Investors reacted this week, with some raising their Tesla price targets while others remain cautious about profitability amid ongoing driverless tests, as Musk announced updates in Austin.
- In the coming years, analysts note the central question is how quickly Tesla can scale driverless operations and compete with Waymo's 96M rider-only autonomous miles and different LiDAR risks.
7 Articles
7 Articles
Tesla needs to come through on this one Robotaxi metric, analyst says
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says. Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix. However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment. The analyst…
Tesla's FSD offensive with demo rides in Europe and tests of real Robotaxis in Austin has had an impact – especially on the stock market, where the stock closed at $489,88 on Tuesday, never before. As a result, the entire company achieved a value of around $1.63 trillion and CEO Elon Musk built its ... To article Current: Robotaxi hope drives Tesla share to record, California's sales ban threatens Teslamag.de
Tesla’s Record Rally: Robotaxi Bets Eclipse EV Sales Slump
Tesla Inc.’s shares surged to a 2025 peak on Tuesday, propelled by fervor over unsupervised robotaxi trials in Austin, Texas, even as electric-vehicle deliveries faltered. The stock closed at its highest level this year, capping a remarkable rebound after a dismal first quarter that marked its worst performance since 2022. Investors, shrugging off weakening car sales, piled into the shares on optimism that autonomous-driving technology could red…
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