Tesla's Robotaxi Ambitions Spark Stock Optimism Amid Regulatory Scrutiny

Published 1 days agoTSLA

Tesla's Robotaxi Ambitions Spark Stock Optimism Amid Regulatory Scrutiny

Tesla's ambitious plans for autonomous driving technology are making headlines following Jefferies' decision to uphold a 'Hold' rating with a $300 stock price target for the company. This reflects optimism concerning Tesla's future potential, particularly in the realm of autonomous driving advancements and its long-term strategic vision, as reported by ainvest.com.

As part of these developments, Tesla is gearing up to launch a robotaxi service in Austin, Texas. The trial, set to start by the end of June 2025, will feature an initial fleet of 10 to 12 self-driving vehicles operating within specific geofenced areas. This step forward is anticipated to play a crucial role in the trajectory of Tesla's presence in the autonomous vehicle market, according to Reuters.

Tesla's initiatives, however, come under the scrutiny of federal regulators. The National Highway Traffic Safety Administration (NHTSA) is investigating the company's Full Self-Driving system due to concerns over its performance in less-than-ideal visibility conditions. This development has not dampened market enthusiasm, as reflected in a modest increase in Tesla's stock following the robotaxi announcement, as noted by Reuters.

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