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New York Post
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Tesla gets approval to start offering robotaxi rides in California as stock bounces back

1. California granted Tesla a limited license for employee ride transport. 2. License is a step toward autonomous robotaxi deployment but lacks public service approval. 3. Tesla stock rose nearly 4% amid ongoing struggles, losing nearly 60% since December. 4. Further regulatory approvals are required for public autonomous rides in California. 5. Musk cites robotaxis as key to adding trillions to Tesla's market valuation.

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FAQ

Why Bullish?

The incremental approval from regulators signals progress in Tesla's autonomous ambitions, enhancing investor sentiment despite prior stock losses.

How important is it?

The article details key regulatory changes affecting Tesla's autonomous vehicle strategy, which is vital for long-term growth.

Why Long Term?

The eventual commercialization of Tesla's robotaxi service could significantly enhance revenue and market valuation, but depends on future regulatory hurdles and market acceptance.

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