Why Did Tesla Stock Jump Today?
Tesla (NASDAQ: TSLA) has expanded its robotaxi rollout, and a company executive has teased that another major announcement is coming tomorrow. That news helped shares pop today. As of 2:27 p.m. ET, Tesla stock was higher by 6% to start the week.
The company posted on its social media account that it has officially launched its driverless robotaxi service in Miami, Florida. That is giving investors a clue about what a Tesla vice president was talking about last week when he teased that a big announcement is coming tomorrow.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
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Tesla said it has started its robotaxi service in Miami on July 3. That makes Florida the third state beyond Texas and California, but the rollout has been measured. In the post announcing the Miami launch, the company’s social media account included a map showing a relatively small geofenced area where the service will be available.
More importantly for investors, though, is what it could mean for the announcement that is coming tomorrow. Tesla vice president of vehicle engineering, Lars Moravy, appeared on a podcast last week and stated that on July 7, “there will be some cool news about things happening around Giga Texas as part of the scaling effort.”
Investors may be jumping into the stock today, believing that the Texas plant will be scaling its manufacturing capacity to prepare for a massive rollout of Tesla’s Cybercab for its future unsupervised robotaxi fleet.
An artificial intelligence (AI) powered robotaxi fleet, along with future humanoid robots, is mainly what has Tesla’s valuation so high. Another step toward building out the driverless taxi fleet has investors getting excited.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again
In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. If you’d invested $5,000 then, you’d be sitting on $2,529,759 today.*
Now, for the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. It’s a key player in the $1.8 trillion space race, and with the stock recently sitting 20% off its highs, the window to get in early is closing fast.
*Stock Advisor returns as of July 6, 2026
Howard Smith has positions in Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.
Why Did Tesla Stock Jump Today? was originally published by The Motley Fool