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Tesla Stocks Move Lower a Day After San Antonio Robotaxi Launch

Via GuruFocus.com

Tesla Stocks Move Lower a Day After San Antonio Robotaxi Launch Khac Phu Nguyen Tue, November 10, 2026 at 12:49 PM EST 1 min read TSLA -0.03% Trade Tesla on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Tesla (NASDAQ:TSLA) shares moved lower 0.61% to $375.75 as of 9:53 a.m. ET in regular trading on November 10, giving back a sliver of Monday's 5.54% jump. That gain came after the company launched robotaxi service in San Antonio starting at 5 a.m. local time on November 9.

Warning! GuruFocus has detected 7 Warning Signs with TSLA.

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Tesla did not disclose hours, service-area size, fleet size or whether safety monitors ride along. Austin, where monitors came out in January 2026, has more than 400 registered autonomous vehicles. Elsewhere the fleets are small: about 24 vehicles in Fort Worth and about five in Miami, per Texas registration data and a robotaxi tracker. Waymo already operates in San Antonio. Tesla's network logged fewer paid-customer miles in the second quarter of 2026 than in the first.

New cities are easy to announce but harder to fill with cars. GuruFocus scores Tesla at 88/100, with Financial Strength 8/10, GF Value Rank 7/10, Momentum 7/10 and Profitability 6/10. At $375.75, the shares sit 4.70% above the $358.87 GF Value, "Fairly Valued," at a P/E of 415.90. At that multiple, the next measurable test is whether paid robotaxi miles start rising again in the fourth-quarter report.

Read original at Yahoo Finance News

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