Elon Musk’s Tesla’s shares appeared 10% on Monday after debuting his self-direction “Robotaxi”-the first major technology test promised the billionaire will transform the company’s business.
Tesla’s shares were trading about $ 354 per share as a controlled group of influencers who participated in Austin -led trial, Texas, on Sunday loaded positive ratings on X and other social media platforms.
Analyst Wedbush Dan Iva, a Dem Tesla, said he participated in a test that “exceeded our expectations” for new technology.
Ives maintained his “out the Outperform” for Tesla shares and a $ 500 price target.
“Entering it, we were waiting to be amazed, but we were leaving it, all it means is that this is the future,” Iva said in a note to clients.
Iva said he took two trips of approximately 15 minutes about Austin.
“The journey itself was completely calm, and it was indistinguishable that the car was without a driver because there was no moment in the vehicle where we felt like doing something irrational,” Iva said.
Tesla security monitors “were not allowed to comment on anything nor did they affect the car in any way,” he added.
The electric car manufacturer began to offer driverless trips with invitation only on Sunday, with motorcyclists loading a flat fee of $ 4.20 – a mild use not to use marijuana. About 10 driverless SUVs Tesla Model Y are said to be on the road, with the company “Security Monitors” on board in the front seat to oversee the trips.
With a bearded Tesla Guy, a social media influencer, compared the experience with “essentially Uber”.
Farzad Mesbahi, a former teacher returned by Tesla’s employee, said his trips were “very quiet and comfortable”.
“Now Tesla has to escalate this service safely,” Mesbahi told X. “As long as the system performance holds, they must be able to cover the US with robotaxis practically overnight.”
The robotax is set to compete directly with Waymo owned by Google and Zoox backed by Amazon in the autonomous vehicle market.
Musk had previously shared “Super Congratulations to Software Design teams @tesla_ai in a successful launch @robotaxi !!”
“The roof of a decade of tireless work. Both of his chip and software were built from scratch inside Tesla,” Musk wrote to X.
The invitations circulated by Tesla said that the initial robotax service would be available from 6:00 am to 12:00 am with local time and would be confined to a gephone area, which means that anything outside the predetermined borders would be out of bounds.
Tesla also said the robotax service would be limited or unavailable in case of bad weather.
Musk has long defended the potential of “full” self -direction of Tesla, although federal regulators and other critics have constantly raised security concerns.
He has suggested that autonomous management technology can add $ 5 trillion to $ 10 trillion in Tesla’s market capitalization by turning its vehicles into an immediate manufacturing fleet.
The billionaire had said the robotax participation was limited because Tesla was “being super paranoid for security”.
The debut happened at a critical time for Tesla, whose actions have been under pressure since Musk began his controversial work with President Trump and the government’s efficiency department.
Musk and Trump had a very public decline earlier this month, though both of that time seemed to fix fences.
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