Tesla CEO Elon Musk said the company's Robotaxi service will soon expand to beaches in Miami and Tampa, responding to a call from Florida Gov. Ron DeSantis. Data shared by Sawyer Merritt shows Robotaxi geofences of 272 square miles in Austin, 254 in Houston, 81 in Dallas, 31 in Miami, 24 in Tampa and 26 in Orlando, while Alphabet's Waymo covers 60 square miles in Miami and 50 in Tampa, including beaches. Merritt also said the Cybercab fleet in Austin has surpassed the Model Y, with 544 Cybercabs versus 507 Model Ys, for a total of 1,051 Robotaxis. ARK Invest's Cathie Wood said Robotaxis could represent more than 80% of Tesla's enterprise value by 2031, and her base case projects the stock reaching $4,400 that year.
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TSLAElon Muskelectric vehiclesself-driving cars
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.6T |
| Close on 10/27/2026 | 407.46 |
| Change that session | +4.04% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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