---
title: "The positive progress of self-driving and robotaxi cannot counteract the rising market risk aversion, and Tesla's stock price has been falling for several consecutive days"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/266991843.md"
description: "Tesla's stock price has been declining despite positive progress in autonomous driving and robotaxi initiatives. Concerns over an AI investment bubble have led to a sell-off in tech stocks, putting pressure on Tesla's stock price. Tesla has made progress with its robotaxi projects in Nevada and Arizona, but commercialization still requires approval. Stifel analysts have raised Tesla's target price to $508 and continue to give it a \"Buy\" rating"
datetime: "2025-11-22T00:05:02.000Z"
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  - [zh-CN](https://longbridge.com/zh-CN/news/266991843.md)
  - [en](https://longbridge.com/en/news/266991843.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/266991843.md)
---

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# The positive progress of self-driving and robotaxi cannot counteract the rising market risk aversion, and Tesla's stock price has been falling for several consecutive days

According to the Zhitong Finance APP, on Friday, Tesla (TSLA.US) shares closed lower, failing to maintain the upward trend seen earlier in the day. The market's expectations for the robotaxi business have been tugged back and forth by recent concerns over the AI investment bubble, putting pressure on the stock price. In the previous day's tech stock sell-off, Tesla, along with other "seven giants," saw a significant decline, with the stock dropping over 2% on Thursday and falling again by more than 1% on Friday.

The recent fluctuations in market sentiment are mainly due to external doubts about the large-scale AI investments by tech giants. Companies, including NVIDIA (NVDA.US), continue to invest in data centers and model training infrastructure, while some projects have yet to generate positive cash flow. Against this backdrop, Tesla, with its investments in data centers, AI chips, and FSD (Full Self-Driving) software, is viewed by investors as one of the representatives of "AI robot companies," making its stock price more susceptible to sentiment.

Despite rising market concerns, Tesla has still made positive progress in its autonomous driving and robotaxi deployment.

Reports indicate that Tesla has recently completed the self-certification process for operating robotaxis in Nevada and has received an "Operational Compliance Certificate" from the local Department of Motor Vehicles, allowing it to test driverless vehicles on public roads, although commercial operations still require approval from the Nevada Department of Transportation.

In the same week, the Arizona Department of Transportation also confirmed that Tesla has completed all necessary processes for its local robotaxi business, with the initial project continuing to be equipped with safety drivers, similar to Tesla's services in Austin and the San Francisco Bay Area. Currently, competitors like Waymo are offering L4 level autonomous driving services without safety drivers in some cities in the U.S. market.

Wall Street remains focused on Tesla's autonomous driving prospects. Stifel analyst Stephen Gengaro raised Tesla's target price to $508 this week and maintained a "Buy" rating. He noted that Tesla's management expects to expand its robotaxi service to about 8 to 10 metropolitan areas by the end of 2025 and emphasized that the rapid iteration of FSD will be a key driver of business growth.

Meanwhile, Tesla is facing new developments regarding product safety lawsuits in some areas of the U.S. Reports indicate that Tesla is facing a new lawsuit in Washington state related to a Model 3 accident that occurred in early 2023. A vehicle reportedly crashed into a utility pole and caught fire after uncontrollably accelerating, resulting in one death and one serious injury. The lawsuit claims that rescuers had difficulty accessing the vehicle in a timely manner due to the door handles not functioning properly after the accident. This case follows another lawsuit involving a Model S in Wisconsin and is the latest case concerning electric vehicle door mechanisms. The related cases are still in legal proceedings

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