00:00Elon Musk is having Tesla quietly stack cars in California while its global robo-taxi rivals are
00:06trying to accelerate overseas. As of yesterday evening, Tesla's stock was trading around $489
00:12in after hours as investors reacted to new signals around the company's robo-taxi ambitions.
00:18According to a business report citing California regulators, Tesla has registered more than 1,500
00:24vehicles for its California ride-hailing fleet since launching the service in August.
00:29That number reflects registered vehicles, not necessarily cars actively on the road,
00:34and Tesla has not applied for a driverless permit in the state. CEO Elon Musk has confirmed Tesla is
00:40already testing driverless robo-taxis in Austin, with the Model Y spotted driving without anyone
00:45inside. A Tesla cybercab was also seen on Austin's streets, though it's still unclear whether it was
00:51operating autonomously. At the same time, Tesla faces mounting competition. Uber and Lyft just
00:57partnered with Baidu-backed Apollo Go to bring self-driving taxis to London, with testing
01:02expected in the first half of 2026. Waymo is also expanding in the UK, while Apollo Go says it's
01:08now logging 250,000 paid robo-taxi rides per week. Back in California, Tesla still operates its ride
01:15hailing service with human drivers. And a court recently suspended its license to sell and manufacture
01:21vehicles in the state over misleading marketing claims around autopilot and full self-driving,
01:26which still require human supervision. So while Tesla pushes forward on robo-taxis in Texas
01:32and builds scale in California, the global race is heating up fast. And at nearly $489 a share,
01:39the market is betting that Tesla's next move matters more than ever.
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