Robotaxi testing sends Tesla stocks on fast lane

Tesla shares near record high as Musk confirms robotaxi testing with safety monitors

- REUTERS

Tesla shares hit their highest in nearly a year Monday after CEO Elon Musk said the electric-vehicle maker was testing its robotaxis without safety monitors in the front passenger seat.

While much of Tesla’s $1.53 trillion valuation — the highest of any automaker globally — is tied to investor optimism around its self-driving technology and humanoid robot ambitions, the bulk of its revenue and profit still comes from selling electric vehicles.