Tesla Shares Soar After Nevada Approves Robotaxi Testing

Lead: Tesla shares jumped 5.9% in New York trading on September 12 after Nevada’s DMV green-lit public testing of its autonomous vehicles and growing optimism around its Full Self-Driving technology and energy storage products.

Nut Graf: Investor enthusiasm was driven by regulatory progress for Tesla’s robotaxi initiative and the rollout of its new apack3 and ablock storage systems, reinforcing confidence in the company’s diversification beyond electric vehicles.

Nevada Authorization Spurs Rally

Tesla secured official approval from the Nevada Department of Motor Vehicles to begin public testing of its robotaxi fleet, marking a key milestone for its autonomous driving ambitions. The company also highlighted advances in its Full Self-Driving (FSD) software, boosting investor confidence in near-term revenue from subscription services.

Market Milestones

  • Morning session peak: shares reached $394.19, the highest intraday level since January 31, 2025.
  • Current run: up seven of the past eight days, including a four-day winning streak that delivered a 12.55% gain.
  • Weekly performance: best week since mid-May, with an 11.13% advance.

Product Rollout and Finance Outlook

Tesla introduced its latest apack3 and ablock energy storage systems, promising simpler installations and lower costs for grid and residential customers. Broad market strength, fueled by expectations of an imminent Federal Reserve rate cut, further supported the rally.

Executive Comments

Tesla board chair Robyn Denholm dismissed concerns that CEO Elon Musk’s political activities have hurt the company, stating his public viewpoints are “up to him” and do not affect operational momentum.

Subheads and bullets aid online readability and quick scanning, while paragraph brevity ensures clarity and engagement.