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Tesla: Elon Musk Doubles Down on Robotaxi as TSLA Surges 17%

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With Tesla’s highly anticipated Q3 earnings call taking place Tuesday, Elon Musk doubled on the Robotaxi product, while the report itself has driven TSLA up 17% Wednesday. Talking to reporters, Musk reaffirmed the commitment to the product while noting that deviations from it are highly unlikely. When asked about the release of a “$25,000 non-robotaxi regular car model,” Musk called the idea “pointless.” Indeed, he appeared to be all in on the autonomous vehicle. Yet, that doesn’t seem to be hiring the company’s stock, as it has skyrocketed in the last 24 hours. Source: Bloomberg Also Read: Tesla (TSLA) Says None of Its $763M Bitcoin Was Sold in Q3 2024 Elon Musk Calls Non-Autonomous EV ‘Pointless’ Amid Robotaxi Hype This week, Tesla (TSLA) proved once again why it sits atop the EV manufacturing market. The company was slated to release its Q3 earnings. Although there was some trepidation among investors, the company outperformed nearly all expectations. Moreover, its stock value skyro