Explore the latest developments concerning Tesla stock closes.
Tesla stock closes at 2025 high after Musk confirms driverless Robotaxi tests underway in Austin
Nearly six months after launching a limited Tesla Robotaxi service in Austin, Texas, with safety drivers in the car, the company says it is testing driverless vehicles in the city without humans on board.
"Testing is underway with no occupants in the car," CEO Elon Musk wrote in a post on his social network X over the weekend.
Shares of Tesla rose 3.6% to $475.31 at the close of trading on Monday. The stock is now up 18% for the year, and is about 1% off its record reached in December 2024.
For more than a decade, Musk has been promising Tesla investors and customers that the company's electric vehicles will soon be upgradable to self-driving cars, capable of serving as unmanned robotaxis, or of completing a cross-country trip without any human intervention.
Tesla stock pops as Robotaxi testing with no safety driver confirmed
Tesla (TSLA) stock rose over 3.5% on Monday following more positive developments in its Robotaxi business, with a prominent Wall Street bull claiming the "autonomous chapter” has begun for the EV maker.
On Sunday, an X.com user posted a video of a Tesla Robotaxi driving without a safety driver in Austin, Texas, where Tesla operates its Robotaxi service. Ashok Elluswamy, who heads Tesla AI initiatives like autonomous driving, responded, writing, “And so it begins!”
Tesla CEO Elon Musk later confirmed the video, posting on Sunday, "Testing is underway with no occupants in the car.”
Tesla's climb Monday put it within striking distance of its all-time high reached almost one year ago.
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Tesla’s 29 Austin Robotaxis have crashed 8 times since June, as data suggests they perform much worse than human drivers
Tesla’s 29 Austin Robotaxis have been involved in eight crashes since they launched in June, Electrek reports, citing National Highway Traffic Safety Administration data you can download here. Those crashes for the most part involved property damage, and only in one case led to a minor injury. Notably, the crashes occurred with a safety monitor in the front seat.
As Electrek notes, that data suggests Tesla Robotaxis are crashing once every 40,000 miles, whereas the average human driver in the US crashes about once every 500,000 miles. On Tesla’s Full Self-Driving page, the company claims vehicles with the technology engaged have 7x fewer major and minor collisions — a claim that experts like Carnegie Mellon’s Phil Koopman have said doesn’t stand up to scrutiny.
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