Major stocks show continued strength in early Wednesday trade, with Tesla, Palantir, and Super Micro Computer all displaying bullish setups. Key support levels remain firm as markets head into thin holiday conditions around Thanksgiving.
Another Musk tweet, this time about robo-taxis, appears to be helping Tesla stock early on Wednesday.
Tesla will double the number of robotaxis in Austin, Texas, in December, less than six months after the company launched the service.
Elon Musk says Tesla Inc (NASDAQ:TSLA) will roughly double the number of robotaxis operating in Austin next month, marking the latest step in the company's push to scale up its self-driving service. The fleet has been running in the city since June, although Tesla has never disclosed how many vehicles are involved.
Tesla Chief Executive Elon Musk said on Tuesday that the number of robotaxis in Austin, Texas, will double in December, following the rollout of its self-driving service in the city in June.
Tesla said that the Dutch regulator RDW had "committed to granting" FSD approval "in February 2026." In a response, RDW said that the agency had set goals with Tesla for February — but that it's not yet clear if Tesla will meet them.
The electric-vehicle maker is experiencing a sustained sales slump in Europe, and it's also having trouble winning over regulators for a key technology.
Tesla‘s stock has generated positive returns over the past year, although it has underperformed some competitors such as Rivian, which experienced significantly greater returns. As of November 24, 2025, a more detailed examination shows Tesla‘s strong free cash flow and healthy operating margins, even though its revenue growth over the last twelve months has slipped into negative territory.
Tesla, Inc. is rated a Buy, driven by its diversified business model beyond just automotive, including energy storage and autonomous robotaxis. TSLA's energy storage segment is experiencing rapid growth and margin expansion, positioning the company as a leader in a high-growth industry. The robotaxi initiative is a major underappreciated growth driver, with significant cost advantages over competitors and potential to become a massive revenue source.
Tesla (NASDAQ: TSLA) exploded 7% on Monday, November 24, a day after CEO Elon Musk provided some fresh updates on the company's in-house chip development.
Wall Street rebounded, with the Nasdaq up 2.6%, S&P 500 gaining 1.5%, and Communication Services leading sector gains. Tesla (TSLA) surged on AI chip design news, while Credo Technology (CRDO) and Broadcom (AVGO) also rallied with AI-linked stocks.
Tesla may have celebrated a regulatory win in Europe a bit too soon.