Tesla’s Valuation Faces Crucial Test Amid Legal Victory and Robotaxi Push

Tesla shares are trading near their 52-week high as the company approaches a pivotal week, fueled by a landmark legal resolution for CEO Elon Musk and accelerating progress in its autonomous ride-hailing venture. The convergence of these developments presents both significant momentum and heightened expectations for the electric vehicle maker.

Recent data from California’s Public Utilities Commission (CPUC) reveals a dramatic scaling of Tesla’s ride-service operations. Between August and December, the number of registered vehicles for this service surged from 28 to 1,655. The program now also lists 798 authorized drivers. Unlike competitor Waymo, these Tesla vehicles are not yet fully autonomous; each is currently monitored by a safety driver overseeing Read more...