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Tesla’s robotaxi-fueled stock surge is making Elon Musk $12 billion richer. Can it last? - MarketWatch

1. Tesla's robotaxi launch increased stock by 9.2%, marking largest gain in two months. 2. Elon Musk revealed Tesla owners could monetize their vehicles as robotaxis. 3. Market cap rose by $95.7 billion, elevating corporate and Musk's wealth significantly. 4. Concerns over resistance at $360-$365 may hinder further upward momentum. 5. Autonomous ride-hailing could represent a $951 billion market opportunity by 2029.

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FAQ

Why Bullish?

The successful launch of the robotaxi service suggests strong future demand and growth potential. Historically, major product launches, like the Model 3, led to significant stock gains.

How important is it?

The article discusses Tesla's groundbreaking launch affecting its market position, investor sentiment, and revenue opportunities. The robust response to debut services indicates high confidence in Tesla's future.

Why Long Term?

As Tesla scales its robotaxi service, growth potential solidifies over time, impacting long-term valuations. Recent product launches have traditionally influenced future earnings positively.

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