--- title: "Tesla Stock Moves Higher: What's Going On?" type: "News" locale: "en" url: "https://longbridge.com/en/news/304893637.md" description: "Tesla shares rose 5.44% to $377.70 as CEO Elon Musk defended the decision to end Cybertruck production by mid-2027, citing strong order rates and factory capacity needs for the new Cybercab. Simultaneously, Tesla announced the launch of robotaxi services in San Antonio this week, expanding its network to eight cities. While the rollout lags behind initial investor expectations, covering only about 10% of Americans, Musk aims for robotaxis to contribute to revenue by 2027." datetime: "2026-11-09T17:51:44.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/304893637.md) - [en](https://longbridge.com/en/news/304893637.md) - [zh-HK](https://longbridge.com/zh-HK/news/304893637.md) generator: "portal-rs" --- # Tesla Stock Moves Higher: What's Going On? **Tesla Inc**. (NASDAQ:TSLA) shares are rising Monday. CEO **Elon Musk** defended the planned end of Cybertruck production and Tesla said robotaxi rides will start this week in San Antonio. - Tesla stock is charging ahead with explosive momentum. What’s driving TSLA stock higher? ## Tesla Stock Rises as Musk Defends Cybertruck Decision Tesla revealed Friday that it will end Cybertruck production around the middle of 2027, clearing space at its Texas factory for the Cybercab, a two-seat robotaxi, according to Reuters. Musk responded Monday in a post on X, arguing that weak demand is not behind the decision. “The Cybertruck order rate far exceeds our production rate,” Musk wrote. Over the next eight months or so, Tesla will build all the trucks it can before shutting the line, Musk said, and many reservation holders will get their deposits back. Musk also pushed back on reports that the Cybertruck loses money, saying legacy media misreported the story. Building the truck is complicated, Musk said, and the cost of occupying that capacity is much larger than the benefit of making more Cybercabs there. ## Tesla Expands Robotaxi Service to San Antonio In a separate announcement Monday morning, Tesla’s Robotaxi account on X said San Antonio gets robotaxi rides starting this week and that its Austin coverage area is growing. San Antonio lifts the network to roughly eight cities, joining Houston, Dallas, Fort Worth, Austin, Miami, Orlando and Tampa, while San Francisco also hosts Tesla test vehicles, according to Barron’s. Barron’s called the rollout behind the pace investors wanted. Robotaxi service debuted in mid-2025, when Musk had aimed to reach close to half of Americans by year-end. Coverage now sits nearer 10%, and about two of every three covered residents are in Texas. Robotaxis are not yet adding much to Tesla’s revenue or profit. Musk hopes they will appear in reported results by 2027, and the Cybertruck wind-down fits that plan by handing more factory capacity to the Cybercab. ## TSLA Shares Are Popping **TSLA Price Action:** Tesla shares were up 5.44% at $377.70 at the time of publication on Monday, according to Benzinga Pro. **Read Also: Chuck Schumer Says Republicans Threatened to Interfere With Midterm Elections, Credits Democrats And 'Tens of Thousands' of Poll Watchers: 'Our Democracy Is Stronger…'** *Image: Shutterstock* ### Related Stocks - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [CRSH.US](https://longbridge.com/en/quote/CRSH.US.md) - [TESC.US](https://longbridge.com/en/quote/TESC.US.md) - [TESL.US](https://longbridge.com/en/quote/TESL.US.md) - [TEST.US](https://longbridge.com/en/quote/TEST.US.md) - [TLA.US](https://longbridge.com/en/quote/TLA.US.md) - [TSDD.US](https://longbridge.com/en/quote/TSDD.US.md) - [TSIB.US](https://longbridge.com/en/quote/TSIB.US.md) - [TSII.US](https://longbridge.com/en/quote/TSII.US.md) - [TSLG.US](https://longbridge.com/en/quote/TSLG.US.md) - [TSLI.US](https://longbridge.com/en/quote/TSLI.US.md) - [TSLL.US](https://longbridge.com/en/quote/TSLL.US.md) - [TSLO.US](https://longbridge.com/en/quote/TSLO.US.md) - [TSLP.US](https://longbridge.com/en/quote/TSLP.US.md) - [TSLQ.US](https://longbridge.com/en/quote/TSLQ.US.md) - [TSLR.US](https://longbridge.com/en/quote/TSLR.US.md) - [TSLS.US](https://longbridge.com/en/quote/TSLS.US.md) - [TSLT.US](https://longbridge.com/en/quote/TSLT.US.md) - [TSLV.US](https://longbridge.com/en/quote/TSLV.US.md) - [TSLW.US](https://longbridge.com/en/quote/TSLW.US.md) - [TSLY.US](https://longbridge.com/en/quote/TSLY.US.md) - [TSLZ.US](https://longbridge.com/en/quote/TSLZ.US.md) - [TSW.US](https://longbridge.com/en/quote/TSW.US.md) - [TSYY.US](https://longbridge.com/en/quote/TSYY.US.md) - [TYYY.US](https://longbridge.com/en/quote/TYYY.US.md) - [07766.HK](https://longbridge.com/en/quote/07766.HK.md) - [09366.HK](https://longbridge.com/en/quote/09366.HK.md) - [TSL.US](https://longbridge.com/en/quote/TSL.US.md) ## Related News & Research - [Musk says Cybertruck isn’t dying from weak sales — the numbers disagree](https://longbridge.com/en/news/304862893.md) - [Cybertruck's run comes to an end as Musk kills off pricey pet project](https://longbridge.com/en/news/304680866.md) - [Elon Musk Says Tesla Will Have to Return Cybertruck Deposits to 'A Lot of People,' Rejects Unprofitability Reports](https://longbridge.com/en/news/304842930.md) - [Elon Musk Is Winding Down Cybertruck Production to Build Cybercabs. The Model S and Model X Already Gave Up Their Factory Space to Robots.](https://longbridge.com/en/news/304744015.md) - [Tesla to drop Cybertruck production in 2027 as MUsk focus changes to robotics and AI](https://longbridge.com/en/news/304668131.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**