Tesla shares jumped sharply Monday after CEO Elon Musk confirmed the company is testing fully driverless robotaxis on public roads without onboard safety monitors, a development that reignited investor optimism around Tesla’s long-term autonomous vehicle ambitions.
The stock climbed to its highest level in nearly a year, reflecting renewed confidence among traders and long-term shareholders who see autonomous technology as a key driver of Tesla’s future valuation. The surge pushed the company’s market capitalization higher as investors reacted to what they viewed as tangible progress toward full autonomy.
Tesla’s robotaxi initiative is central to Musk’s broader vision of transforming the company beyond electric vehicle manufacturing and into a leader in autonomous transportation and robotics. Earlier testing phases included human safety monitors, making the confirmation of unsupervised testing a significant milestone in the program’s evolution.
Still, analysts remain divided. While advances in autonomy continue to fuel bullish expectations, concerns around electric vehicle demand, regulatory hurdles, and execution risks persist. Monday’s rally underscores how quickly market sentiment can shift when Tesla signals progress on its most closely watched technologies.
