Tesla Shares Surge Amid Robotaxi Expansion
Tesla (NASDAQ: TSLA) shares rose 14.2% this week, driven by optimism surrounding the expansion of its robotaxi fleet. As of early May, Tesla had increased its fleet from 9 to 39 unsupervised full self-driving (FSD) vehicles across Austin, Dallas, and Houston.
Expansion Stalls and Future Concerns
However, the expansion halted on May 10, causing investor uncertainty. While CEO Elon Musk indicated that the v14.3 software is crucial for large-scale FSD launches, major upgrades are needed before unsupervised deployments can occur. Additionally, Tesla’s stock has seen a 6.5% decline in June, attributed to speculation over a potential merger with SpaceX following its upcoming IPO.
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