Tesla (NASDAQ:) shares surged 3.87% to $342.45 in Monday’s trading session, buoyed by significant developments in both its robotaxi operations and energy business expansion. The electric vehicle giant secured a crucial permit to operate ride-hailing services in Texas while simultaneously making strategic moves into the UK energy market. These developments come as Tesla seeks to diversify its revenue streams beyond traditional car sales, which have faced headwinds globally.
Tesla Robotaxi Breakthrough: Texas Permit Opens New Revenue Stream
Tesla achieved a major milestone this week by obtaining a permit to operate as a “transportation network company” in Texas through its Tesla Robotaxi LLC subsidiary. The permit, issued by the Texas Department of Licensing and Regulation, is valid until August 6, 2026, and allows Tesla to compete directly with established ride-hailing companies…
