Tesla Inc. (TSLA) was one stock enjoying a banner day for trading earlier this week, flying 8% and landing the firm’s market cap well over $1 TLN again. The firm launched its invite-only, self-driving trials for a wider Austin, Texas audience Sunday, and so far, no one has reported a Texas robo roadkill, advises Tom Bruni, editor-in-chief of The Daily Rip by Stocktwits.
Investors rewarded the culmination of a ten-year promise with a healthy climb, and CEO Elon Musk congratulated his team on X for the relatively quiet lunch. In the past, Tesla threw flashy tech events, with golden cars, neon-lit tunnels, and dancing people in robot costumes.
(Editor’s Note: Tom will be speaking at the 2025 MoneyShow Toronto, scheduled for Sept. 12-13. Click HERE to register.)
Instead of flash, a handful of Teslas in a 10-square-mile area in Austin started serving rides to 20 or so influencers with tickets, according to Guggenheim analyst Ronal Jewsikow. Guggenheim has a “Sell” rating on the stock. But Jewsikow said no news was great news, especially regarding cars that might self-drive into the Colorado River, and sink hopes for robotaxis this decade.
The stock retook its Musk/President Trump breakup lows — and is now up roughly 35% from its October 10 robotaxi announcement last year. Stocktwits users are “Neutral” on the stock.
