Tesla Is Bringing Its Robotaxis to 2 New Texas Cities. Does That Make TSLA Stock a Buy Here?

After almost a full year of launching its robotaxi service in Austin in June last year, EV major (and increasingly AI giant) Tesla (TSLA) is set to expand the same to two more cities in Texas: Dallas and Houston. The service will be provided through the Model Y, like in Austin, with no safety monitors in the passenger seat.

Now, for any other company, a development akin to this might have resulted in a sharp share price movement. However, although Tesla's shares did move down by 2%, the wider market concerns were to blame. In fact, the news cycle around Tesla has been uncharacteristically quiet for some time now, with its mercurial CEO, Elon Musk, not grabbing as many headlines nowadays. This seems like a good thing for the shareholders, as any unnecessary attention has hurt shareholders' returns in the past. Moreover, Musk has his task cut out to justify his mammoth $1 trillion pay package, and thus, it would be prudent on his part to cut out any noise.