Tesla Inc. (NASDAQ: TSLA) stock made a big move when the company said its new self-driving robotaxi was on the road in Austin. It is the first public test of the technology. Tesla’s stock added 8% on the announcement. That has helped it recover from a huge sell-off that ran from February to early May. The shares hit $357 on Monday, well up from a $222 share price in March.
It is impossible to exaggerate what Tesla’s experiment means to its future, and how much the EV company and its investors have on the line. Tesla aims to demonstrate that its AI-based self-driving technology is significantly superior to that of any competitor.
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