TL0.F is trading 2.6% down at €367.85 as investors react to data showing the company lagging significantly behind Waymo in Texas robotaxi registrations amid tightening state regulations.
- Tesla has registered only 42 robotaxis in Texas compared to 577 for Waymo, highlighting competitive challenges in the scale of its autonomous driving rollout.
- Sentiment is being pressured by a new Texas law, effective May 28, 2026, which will increase state oversight of autonomous vehicle operations.
- The stock's decline comes despite broader market indices trading higher, suggesting idiosyncratic concerns regarding Tesla's robotaxi strategy.