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Tesla Hits Record Close Amid Robotaxi Speculation

Tesla Hits Record Close Amid Robotaxi Speculation

Published:
2025-12-16 21:58:02
23
3
BTCCSquare news:

Tesla surged 3.1% to a record $489.88 close Tuesday, erasing its Q1 36% slump—the worst since 2022—with year-to-date gains now at 21%. The rally came after Elon Musk revealed autonomous vehicle tests in Austin without safety drivers, reigniting robotaxi hopes.

The announcement propelled Tesla's valuation to $1.63 trillion, surpassing Broadcom to rank seventh among public companies. Musk's net worth ballooned to $684 billion, extending his lead over tech peers.

Yet challenges loom: regulatory scrutiny intensifies as these prototypes remain unavailable to consumers, and political headwinds persist following Musk's WHITE House engagement earlier this year.

|Square

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