Self-driving and Siasun Robot & Automation's taxi making good progress, facing competitive market, Tesla, Inc. (TSLA.US) stock price has been declining for consecutive days.

On Friday, the stock price of Tesla, Inc. (TSLA.US) closed lower, as the earlier upward trend in the day was not sustained. The market's expectations for Siasun Robot & Automation's taxi business, combined with concerns about the recent AI investment bubble, put pressure on the stock price. In the tech stock sell-off the day before, Tesla, Inc. and other "Big Seven" companies all experienced significant declines, with the stock price dropping by over 2% on Thursday and another 1% on Friday. The recent market volatility is mainly due to external doubts about the large-scale AI investments by tech giants. Companies like NVIDIA Corporation (NVDA.US) continue to invest in data centers and model training infrastructure, with some projects not yet generating positive cash flow. Against this backdrop, Tesla, Inc. is seen by investors as one of the representatives of the "AI Siasun Robot & Automation companies" due to its investments in data centers, AI chips, and FSD (Fully Self-Driving) software, which also makes its stock price more susceptible to emotional factors. Despite escalating concerns in the market, Tesla, Inc. continues to make positive progress in the development of autonomous driving and Siasun Robot & Automation's taxi layout. It was reported that Tesla, Inc. recently completed a self-certification process for operating Siasun Robot & Automation taxis in Nevada and received an "operational compliance certificate" from the local Department of Motor Vehicles, allowing them to test unmanned vehicles on public roads, with commercial operations still needing approval from the Nevada Department of Transportation. In the same week, the Arizona Department of Transportation confirmed that Tesla, Inc. had completed all the necessary processes for its local Siasun Robot & Automation taxi business, with initial projects continuing to be equipped with safety officers, similar to Tesla, Inc.'s services in Austin and the San Francisco Bay Area. Currently, competitors like Waymo in the U.S. market offer L4-level autonomous driving services in certain cities without safety officers. Wall Street continues to monitor Tesla, Inc.'s prospects in autonomous driving. Stifel analyst Stephen Gengaro raised Tesla, Inc.'s target price to $508 this week and maintained a "buy" rating. He noted that Tesla, Inc.'s management expects to expand its Siasun Robot & Automation taxi service to about 8 to 10 major metropolitan areas by the end of 2025, with a focus on the rapid iteration of FSD as a key driver of business growth. At the same time, Tesla, Inc. faces new product safety lawsuits in some U.S. regions. It was reported that Tesla, Inc. is facing a new lawsuit in Washington State related to a Model 3 accident in early 2023. A vehicle allegedly crashed into a utility pole and caught fire after experiencing uncontrollable acceleration, resulting in one fatality and one serious injury. The lawsuit claims that rescuers had difficulty entering the vehicle in a timely manner due to the malfunctioning door handle. This case is the latest example of controversy surrounding electric vehicle door mechanisms, following another lawsuit involving a Model S in Wisconsin. The related cases are still in the legal process.