Musk launches Robotaxi service in Texas, TSL rises 10%

Gate News bot news, local time on Sunday, TSL (TSLA.O) launched the long-awaited autonomous taxi Robotaxi service in Texas.

Tesla CEO Elon Musk wrote on Twitter on Sunday: "Congratulations to the Tesla artificial intelligence software and chip design team for successfully launching the robotaxi!! The AI chip and software teams were both built from scratch within Tesla." On Monday during U.S. trading hours, Tesla's stock price soared, with the latest increase of 10%. Investors are currently assessing whether the launch of this new product is a "sell on the good news" event or a catalyst that can accelerate the stock price again. It currently seems to be the latter.

Bullish analysts and investors generally believe that AI-trained autonomous driving technology could be worth trillions of dollars.

Source: Jinshi

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