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Tesla Shares Climb on Musk’s Robo-Taxi Fleet Expansion Plans

Tesla Shares Climb on Musk’s Robo-Taxi Fleet Expansion Plans

Author:

Global Cryptocurrency

Published:

2025-11-26 15:58:02

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BTCCSquare news:

Tesla stock (TSLA) gained 1.1% in early trading after CEO Elon Musk announced the company’s Austin robo-taxi fleet will 'roughly double next month.' The update reignited investor enthusiasm for Tesla’s autonomous driving ambitions, overshadowing near-term delivery and earnings concerns.

Musk’s late-night social media post follows earlier comments about Tesla’s in-house AI chips, which drove a 7% rally earlier this week. The robo-taxi program, launched in June with safety monitors, has been gradually expanding its operational footprint—a signal of growing confidence in the technology.

Market reaction highlights a recurring pattern: Tesla’s long-term AI narrative continues to buoy shares despite cyclical headwinds. The stock outperformed the S&P 500 and Dow Jones Industrial Average futures, which edged up just 0.1%.

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