Robotaxi Drives Tesla above $350
As an investment blogger who immediately and accurately advised everyone to buy Tesla shares below $285 after the hyping EV maker suddenly plummeted on a silly social media spat between Elon Musk and Donald Trump, I now have the moral right to celebrate each time whenever Tesla hits a new price peak. I am still more exited, as the price passed the $325 milestone after a slight price retracement for technical consolidation. Tesla soared above $350, or more precisely touched its fresh $357.50 high on June 23 , thanks to the long-awaited launch of the robotaxis service in Austin, Texas. However, the crowd likes to buy its own expectations, and then quickly sell the facts. Since Tesla's gains exceeded 25% in less than three weeks, this profit was quickly taken by so many in the market.
This short-term sell-off helped prices to drop again to test a $325+ area, which in my non-humble opinion only gives another chance to buy for every "Doubting Thomas". Of course, absolute sceptics will be convinced that the Tesla rally is justified, apparently, when it's already above $400, and that's when they're going to buy themselves a little bit of Tesla. "But I say to you, blessed are those who have not seen and yet believe", as I do not need to put my fingers on the cured wounds of Tesla image before betting on its further wave of price growth and may market gods forgive me.
It is clear that the eternal Trump haters, who are usually the adherents of the defeated woke movement as well, have also become Musk haters in 2025, and so they do not stop criticizing the launch of robotaxis anyway. Tesla sceptics are commenting that only about a dozen of electric cars are now driving Texas roads within 5 km range. Well, that's true, but it is precisely according to initial plans, which were announced from the beginning to avoid big faults. So, now only a limited number of users who receive an invitation can order such a service, and those chosen users are still mainly loyal Tesla influencers. O.K., I wasn't there yet, but the news also immediately seems to be true, and it would be strange if selected orders were given to haters who would criticize everything anyway, regardless of the actual quality of the service. There is a person in the passenger seat to monitor this stage, but this service man is not driving and does not interfere. The situation center staff are also watching, but the car is actually driving on autopilot in a self-drive mode.
The price is now fixed with Musk's favourite number of $4.20 per trip. Booking is not yet possible after midnight, the service is also limited by good weather at the moment, and haters doubt what will happen if a thunderstorm or heavy rain catches the car during the order, but why do they think that this quite usual situation is not thought out by engineers? Just why would Tesla create problems for itself at the testing stage, when the whole world's attention is so much focused on every appearance of robotaxis in the street?
According to Bloomberg, customers reported an issue with a Tesla Model Y that made an improper left turn to enter a lane for opposing traffic before crossing a double-yellow line and then returned to the correct lane. The incident was captured on video by former Tesla podcast host Rob Maurer, with audible honking from other drivers. Some other riders documented instances of Tesla’s driverless vehicles exceeding posted speed limits. As an example, one Tesla investor shared footage to show a robotaxi reaching 35 mph (miles per hour) in a 30 mph zone, while YouTuber Herbert Ong noted during a live stream that his robotic vehicle was traveling at 39 mph in a 35 mph zone. No injuries. These are all, of course, such terrible crimes, because no one else on the road allows him or her to exceed the speed limit like that, right? And I should probably immediately sell all my Tesla shares when I find out about this, right? No, of course not. I'm going to buy more right now. And I'll wait for $420, folks. See you on the upper side.
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