BTC $71,807
2026 Bull Run Is Building Start trading with 5% OFF all fees
Sign Up Now
BTC $71,807
Bull Run 2026 | 5% Off Fees Open your Binance account today
Sign Up

Waymo’s Driverless Surge Intensifies Tesla Rivalry, Weighs on Shares

Tesla Stock Slips After Two-Day Rally as Musk Highlights ‘Major Valuation Change’ Following Arizona Robotaxi Permit Victory

  • Waymo accelerated its deployment of fully driverless robotaxis, intensifying competition with Tesla and influencing investor sentiment.
  • Tesla received approval in Arizona for a paid ride-hailing service with safety drivers, but has not yet been cleared for fully driverless operations.
  • Elon Musk addressed investor concerns, suggesting a potential valuation increase once Tesla achieves unsupervised self-driving technology and scales production of its humanoid robot, Optimus.
  • Retail investor sentiment about Tesla remains bearish, with some suggesting the company’s valuation may drop if judged by traditional automaker standards.

Tesla shares fell 1.9% on Tuesday to $401.25, ending a two-session gain, amid growing competition from Waymo in the U.S. robotaxi sector. The decline followed a brief dip below $400 last week, marking the lowest level for the stock since September. The competition heightened after Waymo extended its fully driverless robotaxi service to Miami and announced plans to launch in Dallas, Houston, San Antonio, and Orlando before making the service available to the public in 2026.

- Advertisement -

Waymo, owned by Alphabet, remains the only company in the U.S. currently operating a paid robotaxi service without human drivers or in-car monitors, deploying a fleet of over 1,500 vehicles. This rapid expansion has raised concerns about Tesla’s position in the autonomous vehicle market.

Regulators in Arizona granted Tesla a permit to operate a ride-hailing service, but the service must use human safety drivers. The company has separately applied to test driverless vehicles without human operators. In Austin, Texas, Tesla is piloting a monitored robotaxi program, where a safety monitor rides in the front passenger seat. Elon Musk aims to launch Tesla robotaxi operations in 8 to 10 U.S. metropolitan areas by year-end, pending further regulatory approval.

In response to the stock’s pressure, Elon Musk said in a post on X that a “major valuation change” will take place once unsupervised self-driving reaches scale, and an even larger shift could occur after the commercial production of Optimus, Tesla’s humanoid robot.

Sentiment analysis on Stocktwits showed bearish views among retail investors, with high message volume. One user commented, “Waymo launching in five more cities! Tesla getting crushed.” Another user remarked that if Tesla were valued similarly to established automakers, its stock price could fall below $30, suggesting it may eventually be priced more like a traditional car manufacturer than a technology company. Year-to-date, Tesla shares have edged down by 0.6%.

- Advertisement -

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -
Ad
Altseason Is Loading. Don't watch from the sidelines.
SOL $90.51
DOGE $0.0963
LINK $9.02
SUI $1.00
5% off fees when you sign up
Start Trading
Ad
Pay Less on Every Trade. For Life.
$10K/mo volume Save $60/yr
$50K/mo volume Save $300/yr
$100K/mo volume Save $600/yr
5% off all trading fees when you sign up
Claim Your Discount

Latest News

ImmunityBio founder touts sepsis trials, NantX after Binance theft

Patrick Soon-Shiong renewed his “NantX coming soon” teaser after a $6.3 billion Binance theft,...

Crypto.com Shuts Hong Kong App, Eyes Institutional Exchange

crypto.com will shut down its consumer app in Hong Kong on Feb. 1, 2027,...

Kim Yo Jong denies North Korea behind Binance hack, hints US

Kim Yo Jong denied North Korea's involvement in the $6.3 billion Binance hack and...

Strive buys 124 BTC, fourth among public companies

Strive acquired 124 Bitcoin for roughly $10 million between Oct. 24 and Oct. 30,...

Claude finds 9.8 zero-click Linux root bug

Claude discovered a zero-click Linux vulnerability (CVE-2026-98432) rated 9.8 out of 10, described as...

Must Read

What Is the Dencun Upgrade for Ethereum?

The Dencun Upgrade for Ethereum is poised to revolutionize the blockchain landscape, offering improved scalability, efficiency, and groundbreaking features. Set to launch at the...
Ad
Altseason Is Loading. These 4 coins are trending right now.
SOL $92.12
DOGE $0.0950
LINK $9.02
SUI $1.02
5% off spot fees when you sign up
Start Trading