Tesla launches robotaxi service in Austin, TSLA shares rise by over 6%, facing competition from Waymo.

From Nasdaq: 2025-06-24 09:16:00

Tesla’s highly anticipated robotaxi service debuts in Austin, causing a spike in TSLA shares by over 6%. CEO Elon Musk takes a measured approach to the launch, learning from past risks. The invite-only service uses modified Model Y vehicles and charges a low fee of $4.20.

With competition from Alphabet’s Waymo, skeptics question Tesla’s future success. Short seller Jim Chanos cites valuation concerns and competition. However, if Tesla can scale its robotaxi service successfully into 2026, these skeptics may have to reconsider their stance.

Zacks Investment Research highlights top semiconductor stock, 1/9,000th the size of NVIDIA but with substantial growth potential. The stock is positioned to meet the demand for AI, ML, and IoT, with global semiconductor manufacturing projected to grow to $803 billion by 2028. Investors can access Zacks’ top stock picks for free.



Read more at Nasdaq: Zacks Investment Ideas feature highlights: Tesla, eBay, PayPal and Alphabet