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Tesla Is Hiring, Stock Is Rising. Musk Is Ramping Up His Robo-Taxi Drive.

1. Tesla seeks to hire for robo-taxi operations in New York City. 2. Plans to expand self-driving taxi service, launched in Austin, Texas. 3. Musk aims for autonomous ride-hailing across half U.S. population this year. 4. Competition with Waymo intensifies as they lead in autonomous rides. 5. Tesla stock is down 16% year-to-date but up 63% over the last year.

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FAQ

Why Bullish?

The hiring for robo-taxi positions signifies Tesla's commitment to expanding its autonomous services. Historical launches often result in stock price increases due to positive market sentiment.

How important is it?

The article discusses Tesla's strategic moves in the rapidly evolving self-driving market, which could significantly drive future earnings.

Why Short Term?

Increased visibility and validation of Tesla's self-driving efforts can quickly influence investor sentiment and stock prices, similar to previous announcements regarding FSD updates.

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