Does This Good News From Tesla Make the Growth Stock a Buy?

Core Insights - Tesla has initiated Robotaxi drives in Austin without a safety monitor, marking a significant advancement in its autonomous ride-sharing program [1][2][5] - The removal of the safety rider indicates Tesla's confidence in its autonomous technology, leading to a more than 4% increase in shares following the announcement [2][5] - Tesla's Robotaxi service has expanded its operational area and fleet size since its pilot launch last summer, with additional services now available in the Bay Area [4] Company Developments - The transition to fully autonomous Robotaxi operations is seen as a crucial step for Tesla, suggesting the company believes its technology can manage diverse real-world scenarios without human intervention [5] - Tesla's long-term vision includes equipping its entire fleet with the necessary hardware for autonomous driving, with the expectation that vehicle owners can eventually utilize their cars for Robotaxi services to generate income [6][7] - Despite a 9% decline in vehicle deliveries from 2024 to 2025, investor optimism remains high, with Tesla trading at approximately 300 times earnings, reflecting strong expectations for the Robotaxi business [7]