Tesla stock soars 9% as robotaxi trials begin in Austin, adding $100 billion market value

From Nasdaq: 2025-06-23 15:29:00

Tesla shares soared over 9% as the company launched its first robotaxi test rides in Austin, Texas, charging $4.20 per ride. The National Highway Traffic Safety Administration is reviewing Tesla’s safety disclosures for the trial, which includes front-seat safety monitors in each vehicle and primarily relies on cameras and AI technology.

The positive market reaction added nearly $100 billion to Tesla’s market value. The company’s robotaxi trial in Austin marks a significant milestone in CEO Elon Musk’s vision for self-driving transport. However, regulatory reviews and federal probes may impact the national roll-out timeline, and competitors like Waymo and Cruise are intensifying debates over sensor and safety technology.

Industry experts warn that Tesla’s camera-based autonomous system must prove robust in various weather and lighting conditions to meet federal safety standards. Any safety incident could result in recalls or stricter oversight. Despite the stock surge, Tesla’s share price remains down 12% year-to-date, reflecting ongoing challenges in its core EV business.

In conclusion, Tesla’s launch of robotaxi test rides in Austin represents a significant step towards autonomous mobility. The positive market response underscores investor confidence in Tesla’s technology and potential for high-margin ventures. However, regulatory hurdles and competition from other companies could pose challenges in scaling the robotaxi fleet and achieving profitability.



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