Reported about 12 hours ago
Tesla's stock rebounded following the California Public Utilities Commission's approval of the company's application for a transportation permit, inching it closer to launching robotaxi services. The permit currently allows supervised ride-hailing for Tesla employees but does not permit public rides in autonomous vehicles yet. Additionally, Cantor Fitzgerald upgraded Tesla's stock rating, citing potential growth tied to the autonomous ride-hailing market, despite some ongoing challenges.
Source: YAHOO