Search





Search





Musk Unveils New Robotaxi Plans, Sending Tesla Stock Higher Against Market Trends!

AuthorBlock Tao

May 21, 2025 6:09 AM

View all comments（0）



TradingKey – Elon Musk revealed the latest updates on Tesla’s autonomous Robotaxi project, driving Tesla (TSLA) stock up despite broader market declines.

On Tuesday, May 20, Tesla(TSLA) shares defied market trends, rising 0.51% to $343, while major U.S. indices fell by approximately 0.3%. Big Tech stocks saw sharp declines, with Google(GOOG) and Amazon (AMZN) dropping over 1%.

Tesla Stock Chart – Source: Google.

Tesla Stock Chart – Source: Google.

Tesla managed to stay in the green despite the broader market slump, largely due to progress in its autonomous vehicle sector. Musk stated,"Tesla is set to begin testing its autonomous Robotaxi fleet in Austin, Texas. Initially, around 10 vehicles will be deployed, with plans to scale up to 1,000 units within the first month."

Musk further revealed that Robotaxi services will gradually expand to San Francisco, Los Angeles, and other major cities. Additionally, he predicted: "By the end of next year, Tesla aims to have as many as 1 million fully autonomous vehicles in operation."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Like

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Loading...

Recommended Articles

SpaceX Stock Price Forecast: 90% Probability of Merger With Tesla, Can the Stock Price Recover?

On July 23 ET, SpaceX (SPCX) shares hit a new all-time low, dropping to a minimum of $110.85 before rebounding. As of press time, the stock was up approximately 1% at $116.4. Gene Munster, founder of Deepwater Asset Management, stated on Wednesday that the likelihood of a merger between SpaceX and Tesla (TSLA) now appears greater. In a post on the social media platform X, he noted, "Before the conference call, I believed there was an 80% chance of these two companies merging in the next few years. Now, I have raised that probability to 90%."

Intel (INTC) Q2 2026 Earnings: What the Results Mean for the Stock

Intel reported Q2 2026 earnings after the close on July 23. Revenue, EPS, Data Center growth, and the first 18A external foundry revenue update. Here is what the numbers say and where INTC goes next.

Palantir (PLTR) Falls 6% - NHS Scrutiny, Open-Source Rival, Earnings Aug 3

TradingKey - Palantir fell 6% today on two catalysts: UK regulators scrutinised the NHS FDP contract and a free open-source alternative called World Monitor appeared on GitHub. Q2 earnings August 3. At $125, the $122 support is the key level.

Google Q2 Cloud Revenue Surges 82%: Net Profit Soars 298% YoY, 26% QoQ Capital Expenditure Growth Sparks Sharp Bull-Bear Divide

TradingKey - Alphabet (GOOGL, GOOG) released its second-quarter 2026 financial results after the close of U.S. markets on July 22, Eastern Time. As of press time, Google’s revenue for the period reached $119.796 billion, up 24% year-over-year (23% on a constant currency basis), exceeding market expectations of $116.93 billion. This marks the company's 12th consecutive quarter of double-digit revenue growth. Notably, Google Cloud performance was a highlight, with revenue surging 82% year-over-year to $24.8 billion.

Western Digital (WDC) Surges 12.5% to $548 - Kioxia Merger Talks, $900 Analyst Target

TradingKey - Western Digital surged 12.5% to $548 today as memory stocks rebounded and Kioxia merger talks resumed. HDD production is sold out through 2026. Cantor Fitzgerald targets $900, Citi $800. Earnings August 5. Here is the setup.

Featured Tools

tk_center_stock_score

calendar_economicCalendar

Economic Calendar

search.intelligent.strategy

article_asider_weekly_report

link

Google Q2 Cloud Revenue Surges 82%: Net Profit Soars 298% YoY, 26% QoQ Capital Expenditure Growth Sparks Sharp Bull-Bear Divide

Intel (INTC) Q2 2026 Earnings: What the Results Mean for the Stock

Western Digital (WDC) Surges 12.5% to $548 - Kioxia Merger Talks, $900 Analyst Target

SpaceX Stock Price Forecast: 90% Probability of Merger With Tesla, Can the Stock Price Recover?

Alphabet Q2 Earnings Preview: $190 Billion AI Gamble Faces Major Test, Can Google Cloud Still Sustain the Growth Myth?