Tesla shares gained 3.5% this Monday after CEO Elon Musk confirmed that he has begun testing his robotaxi without human assistance.
Tesla shares gained 4.1% and were trading at $477.7, one hour before the stock markets closed, putting the automaker’s capitalization at $1.5 trillion. At closing, the value remained at $475.31.
During the trading day, Tesla shares reached their all-time high at $481.23 at mid-morning.
The stock’s rise comes even though Tesla’s sales have fallen this year in some of its major markets. In the United States, Tesla sales fell 23% in November, to 39,800 vehicles.
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But the emergence over the weekend of a video of a Tesla robotaxi supposedly driving around Austin without any occupants and Musk’s subsequent confirmation that the company has begun testing without human assistance sparked investor optimism.
Although Tesla is behind Waymo (Alphabet) in the race to achieve autonomous driving, some investors consider that the company led by Musk is the best positioned to scale its implementation massively, which will multiply the company’s value.
With information from EFE.
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