Tesla Robotaxi Expansion Spurs Market Interest Amid Stock Volatility
Elon Musk's announcement of expanded Tesla Robotaxi services in Austin and planned Bay Area deployments has injected fresh momentum into TSLA shares, currently up 2% post-announcement. The EV maker's stock remains a rollercoaster – June's successful Austin launch briefly reversed a 7.4% monthly decline, only to tumble again after Musk's political ventures created investor whiplash.
Short-sellers are now retreating as Robotaxi's operational scale-up could mark an inflection point. "The autonomous ride-hailing expansion represents Tesla's most credible near-term catalyst," notes Wedbush's Dan Ives, though analyst consensus remains divided on long-term valuation.