Tesla execs said over the weekend that the EV maker is testing its driverless cars on Austin public roads with no people on board. Texas currently allows autonomous vehicle makers to test or operate ridehailing services on public roads as long as their cars adhere to traffic laws.
Tesla Inc (NASDAQ:TSLA) shares added about 4.6% to about $480 on Monday after CEO Elon Musk confirmed the company has made progress on testing of its Robotaxis, including moving towards driverless operation in select markets. A Tesla Robotaxi was spotted driving in Austin, Texas, on Sunday without a safety driver.
A fully autonomous Tesla was spotted in Austin, Texas, for the first time last weekend. Despite delays, Tesla's robotaxi service has significant advantages over its competition.
Investors and analysts are betting that Tesla will intensify testing and rapidly deploy driverless taxis as it prepares to launch its Cybercab model next year.
Wedbush's Dan Ives reiterated his buy rating and price target for Tesla (TSLA) and sees a $2 trillion market cap by 2026. A $3 trillion range is something Dan believes is in the crosshairs if it can really turn the page on its "A.I.
While Tesla shares have pared gains, optimism is building for the company's efforts in AI and autonomous driving.
Tesla shares hit their highest in nearly a year on Monday after CEO Elon Musk said the electric-vehicle maker was testing its robotaxis without safety monitors in the front passenger seat.
Just about six months after Tesla started testing its fledgling Robotaxi service in Austin, Texas, the company is now letting those cars drive around the city with no safety monitor onboard.
Recently, Zacks.com users have been paying close attention to Tesla (TSLA). This makes it worthwhile to examine what the stock has in store.
Despite a 23% decline in its U.S. sales to 39,800 in November, Tesla Inc. (NASDAQ: TSLA) still has the best-selling electric vehicle (EV) model in the United States by far.
Tesla tests fully driverless robotaxis in Austin, a key autonomy milestone, but EV slowdown, valuation risks and fierce competition cloud the stock's outlook.
Tesla (NASDAQ: TSLA) has gained a lot of steam over the past month, and Wedbush's Global Head of Technology Research, Dan Ives, argues the momentum is going to continue in 2026.