Quick overview

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Tesla’s stock has almost fully recovered in the three trading days following Elon Musk’s verbal spat with President Donald Trump, which caused the company’s market capitalization to drop by 14% in just one session.

Tesla shares rose 6% on Tuesday to close at $326, roughly $6 below their trading price last Wednesday, before the Musk-Trump controversy erupted on social media.

The company has surpassed a $1 trillion market valuation. The latest surge occurred after Musk posted a video on X showing that Tesla was testing autonomous cars on the roads of Austin, Texas, without a human safety supervisor operating the vehicles.

In the eight-second video, the recent Model Y SUV—painted black with a white graffiti-style “Robotaxi” logo—can be seen navigating a crosswalk and stopping to let pedestrians pass. Musk’s company finally seems poised to enter the robotaxi market after years of delays and broken promises that left Tesla lagging behind competitors like Alphabet’s Waymo.

EV fan blog Teslarati was the first to report that Tesla is now listed as “testing” on Austin’s official website.

Information about Austin-based autonomous vehicle companies is shared on this website.

The Austin site lists Waymo as the only autonomous vehicle manufacturer with a “deployment” designation rather than “mapping” or “testing.”

Waymo also operates a commercial fleet in the Texas capital and offers commercial robotaxi services in Los Angeles, Phoenix, and select San Francisco Bay Area.