Tesla began testing Model Y robotaxis in Austin, Texas. CEO Elon Musk confirmed the vehicles are operating without human safety drivers, marking a significant milestone for the company's autonomous driving program.
The testing advances Tesla’s long-term goal of launching a fully autonomous ride-hailing network.
The news fueled bullish analyst sentiment. Wedbush’s Dan Ives forecasts a potential $2 trillion market cap for Tesla by 2026, citing the start of the company's "AI chapter."
Conversely, other analysts expressed caution. They argue that the stock’s high valuation already factors in autonomy progress and point to potential weakness in fourth-quarter vehicle demand.