✎ Contributed by Ty Griffin
Tesla launched its first fully operational robotaxi service in Austin, Texas, on Monday, marking a major milestone in the company’s push toward autonomous mobility. The pilot program, revealed without prior notice, will operate within geofenced zones and rely on Tesla’s Full Self-Driving (FSD) system, which remains in beta but has expanded rapidly in recent quarters.
CEO Elon Musk called the rollout a “tipping point for autonomy,” hinting at broader deployments in other metro areas if regulatory conditions allow. The move reignited investor optimism about Tesla’s long-term growth beyond vehicle sales, particularly in the ride-hailing and logistics sectors.
Market Reaction
- Tesla Inc. (NASDAQ: TSLA): $349.23, up $27.07 (8.40%)
- Rivian Automotive Inc. (NASDAQ: RIVN): $13.64, up $0.075 (0.55%)
- Lucid Group Inc. (NASDAQ: LCID): $2.14, down $0.050 (2.28%)
- Li Auto Inc. (NASDAQ: LI): $27.76, up $1.75 (6.73%)
- XPeng Inc. (NYSE: XPEV): $18.93, up $0.60 (3.27%)
Industry Outlook
Tesla’s launch signals renewed momentum for autonomous driving, intensifying pressure on both traditional automakers and dedicated AV firms. While rivals like Waymo and Cruise operate with different approaches and regulatory frameworks, Tesla’s vertical model and brand dominance could give it a foothold in the commercial ride-hailing space. Investors appear eager to reward even partial progress, fueling a broad lift in EV stocks tied to autonomous capabilities.
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