TSLA stock climbed 14.2% as investors bet on the company’s unsupervised full self-driving robotaxi fleet growth in key U.S. cities.
Tesla (NASDAQ: TSLA) shares rose 14.2% in May, driven by optimism over the expansion of its robotaxi fleet. The company’s unsupervised full self-driving (FSD) vehicles grew from nine in Austin in early April to 39 across Austin, Dallas, and Houston by early May, fueling investor enthusiasm.
The rally stalled after the expansion paused on May 10, with the stock up 16.6% through May 11. CEO Elon Musk indicated during an earnings call that version 14.3 of the FSD software was the final piece needed for large-scale deployment, though safety and convenience considerations remain.
Market focus now shifts to the cadence of further rollouts and the potential impact of SpaceX’s upcoming IPO on Tesla investor sentiment.