Tesla Stock Jumps 15% on Robotaxi Expansion Plans
Elon Musk announces aggressive rollout of autonomous taxi service to 20 US cities by end of 2026.
Tesla shares surged 15% after CEO Elon Musk announced plans to expand the company's robotaxi service to 20 major US cities by the end of 2026.
The expansion follows the successful launch of Tesla Ride in San Francisco, where the service has completed over 100,000 trips without a major incident. Musk said the company is now confident in scaling the technology.
"Autonomy will be the biggest driver of Tesla's value over the next decade," Musk said during an investor call. "We're just getting started."
Analysts raised price targets across the board, with several major banks now valuing Tesla primarily on its autonomous driving potential rather than vehicle sales.
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