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Tesla Stock Surges After Successful Robotaxi Launch in Austin, Texas – Tokenist

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Tesla Stock Surges After Successful Robotaxi Launch in Austin, Texas – Tokenist


Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.

Tesla stock (NASDAQ: TSLA) jumped nearly 10% on Monday following the successful launch of its autonomous robotaxi service in Austin, Texas on Sunday. CEO Elon Musk announced that the service began operations with customers paying a flat fee of $4.20, marking a significant milestone in Tesla’s autonomous driving ambitions.

The launch puts Tesla in direct competition with Alphabet-backed Waymo (NASDAQ: GOOG), which already operates robotaxis in several cities across the United States.

Tesla Launches Robotaxi in Austin, Limited to Select Tesla Users

Tesla initiated its robotaxi service with 10-20 Model Y SUVs operating in a geofenced area of Austin, featuring safety teleoperators and Tesla employees who can intervene if necessary. The launch was limited to select invited Tesla users, with numerous riders on social media reporting successful trips, including one user who claimed to complete 11 separate rides without issues.

The vehicles are emblazoned with “Robotaxi” graphics and offer personalized features like Tesla account synchronization for streaming apps including Netflix, Spotify, and Disney+.

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The robotaxi service represents a foundational step in Tesla’s autonomous vehicle strategy, with Wedbush analyst Dan Ives describing the experience as “comfortable, safe, and personalized” after taking two 15-minute test rides.

Ives particularly noted the vehicle’s ability to “masterfully maneuver with patience and safety” through challenging scenarios, including narrow roads with oncoming traffic and parked cars. The analyst maintains an outperform rating with a $500 price target, calling the launch “foundational” for Tesla’s future robotaxi ambitions.

However, scaling challenges remain significant, as competing with industry leader Waymo would require thousands of vehicles operating without safety operators, plus the infrastructure to clean and service the fleet. Barclays analyst Dan Levy cautioned against overoptimism, emphasizing that the path to scaling will be long and challenging, maintaining an equal weight rating with a $275 price target.

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Tesla Shares Gain Over 10%

Tesla shares were trading at $357.43 at the time of writing, gaining $35.27 or 10.95% in Monday trading, significantly outperforming the broader market. The stock opened at $327.52 and reached an intraday high of $357.47, with trading volume of 93.4 million shares compared to the average volume of 125.9 million. Year-to-date, Tesla stock remains down 11.49% despite today’s surge, while over the past year the stock has gained an impressive 95.31%.

The company’s market capitalization now stands at $1.151 trillion, with current valuation metrics showing a trailing P/E ratio of 205.42 and a forward P/E of 166.67. Tesla’s financial fundamentals include revenue of $95.72 billion over the trailing twelve months, with a profit margin of 6.38% and diluted earnings per share of $1.74. The company maintains a strong balance sheet with $37 billion in total cash and relatively low debt-to-equity ratio of 17.41%.

Wall Street analysts remain divided on Tesla’s prospects, with price targets ranging from a low of $115 to a high of $500, averaging $301.97. The robotaxi launch has reinforced bullish sentiment among Tesla supporters, while skeptics continue to question the company’s ability to scale autonomous operations safely and profitably against established competitors like Waymo, which recently reached 10 million trips.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.

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About the author

Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird’s US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.





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Austin, TX

Austin cannabis shop: THC ban would “hurt everybody”

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Austin cannabis shop: THC ban would “hurt everybody”


After Senator Charles Perry vowed to introduce another bill to ban THC in Texas next legislative session, an Austin cannabis shop owner is urging lawmakers to find a middle ground.

Estella Castro owns Austinite Cannabis Co., a family-owned shop that makes and sells cannabis and hemp products.

Austinite Cannabis Co. (Photo: CBS Austin/Audrey Wong)

Her business has faced a potential THC ban before. During the 2025 legislative session, Senate Bill 3 attempted to enact a broad ban on all cannabinoids except CBD and CBG.

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Castro says she was most worried for her customers. “It was a big initial hit of like, what are we gonna do? How are we gonna pivot? How are we gonna keep the doors open for everybody to keep their jobs?” she said.

RELATED | Texas state senator plans to introduce new THC ban bill in upcoming session

That bill passed, but was later vetoed by Governor Greg Abbott. Similar legislation failed to pass during the subsequent special session.

However, the possibility of a total ban bill being introduced and passed next session could spell trouble for Austinite Cannabis.

During a hearing Tuesday, July 7, Senator Charles Perry vowed to present such a bill next session as public officials, medical experts, and others discussed THC’s medical uses, effects on minors, and regulation.

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Castro says over half of the store’s revenue comes from products that contain THC.

“I would say it’s about a 60/40 split: 60% THC and 40 CBD… So feel like it is a huge number that affects my store in so many ways,” she said.

ALSO | Texas French Bread reopens dining room four years after fire

She feels that a total ban on THC would negatively affect multiple parties.

“Banning it is just hurting the consumer,” she said. “Making the consumer go and find a street dealer… killing any dispensaries… it’s gonna hurt your small business owner.”

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If another THC ban bill is written, it will be introduced during the next legislative session, which begins in January 2027.

In the meantime, Castro’s two stores will continue to operate as normal. She hopes lawmakers will think twice about instituting a complete ban on THC.

“I feel like we’re better than that, you know, we’re Texas,” she said. “We need to find some middle ground where it’s not a complete ban, and we can still be able to come together.”



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Austin, TX

Texas’ Goosby hosts camp to benefit heart research

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Texas’ Goosby hosts camp to benefit heart research


AUSTIN (KXAN) – Trevor Goosby is a projected first-round pick in the upcoming 2027 NFL Draft. The Texas offensive lineman anchors the group up front for one of the best teams in the country and was named a preseason All-American by Walter Camp.

But his football career felt in jeopardy when he was in high school.

“That was kind of my biggest question,” said Goosby. “I was really nervous because would I be the same football player coming back?”

AUSTIN, TEXAS – APRIL 18: Trevor Goosby #74 of the Texas Longhorns sets up in position during the Texas Spring Football Game at Darrell K Royal-Texas Memorial Stadium on April 18, 2026 in Austin, Texas. (Photo by Scott Wachter/Getty Images for ONIT)

Goosby was born with a congenital heart defect and had open-heart surgery when he was just 16 years old. He wasn’t sure how this would change his everyday life, including his football career.

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“Definitely a lot of nerves just because you’re getting your ribs cracked open essentially and getting your heart worked on…It was a scary moment. I remember driving up to the hospital super nervous.”

Goosby was able to recover and become a great football player. He said not only has he become a person in learning to fight through adversity, but it helped him as a player as well with improved endurance.

Now, the star Longhorn is giving back as much as possible.

Goosby hosted a camp in Austin to benefit the Children’s Heart Foundation. The organization works to fund research on congenital heart defects.

Goosby speaking with kids at his football camp in Austin

The offensive tackle is matching all donations up to $20,000 made to the Children’s Heart Foundation through the event and campaign.

“It means a lot to me just because of the heart condition I did have back when I was 16. That just kind of changed my life. I just want to bring awareness to that.”

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The camp was at Hyde Park High School in Northwest Austin. Goosby spoke about what he hopes the young campers took away from the event.

“I think it’s just more than football. Football is a big part of what I do but it’s not who I am…I just want to show all these kids that I’m just another great guy and just someone they can look up to.”



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Austin, TX

ACC Tuition to Remain Unchanged for Another Year

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ACC Tuition to Remain Unchanged for Another Year


The Austin Community College Board of Trustees has approved a $583 million operating budget for fiscal year 2027, keeping tuition and mandatory fees unchanged for the 13th consecutive year. The balanced budget, approved unanimously Monday, also includes



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