Tesla's stock surged over 8% on Monday following the launch of its autonomous robotaxi service in Austin, Texas. The limited rollout, however, is planned to expand rapidly. Analysts predict significant market capitalization growth for Tesla by 2026 due to this technology. Technically, Tesla broke out of a pennant pattern, suggesting further upward momentum. Key resistance levels are around $365, $430, and $489, with support near $285.

Prepared by Christopher Adams and reviewed by editorial team.