December 20, 2024 3:20 AM | 3 min read See Also: Tesla Reportedly In Talks With Austin To Bring Autonomous Vehicles To Texas Roads: Elon Musk-Led EV Giant Rises 3% In Pre-Market Why It Matters: Tesla’s ambitions for its robotaxi fleet are gaining momentum, with recent developments indicating a significant push towards autonomous vehicle deployment. The company is reportedly in early discussions with Austin city officials to test its autonomous vehicles on Texas roads by 2025. This move could bolster Tesla’s driverless vehicle ambitions if the discussions prove fruitful. Von Holzhausen also recently shared insights into the aesthetic choices for the Cybercab, describing it as a “future version” of New York City’s iconic yellow cabs. The choice of gold paint reflects a modern take on the traditional yellow cab, aiming to create something more expressive and up-to-date. Analysts at Wedbush Securities foresee Tesla potentially reaching a $2 trillion market cap by the end of 2025, driven by its autonomous vehicle initiatives, including the launch of the Cybercab. The firm’s bullish outlook underscores the importance of Tesla’s autonomous strategy in achieving this milestone. Price Action: Tesla stock closed at $436.17 on Thursday, lower by 0.90%. It fell another 1.9% in after-hours trading. Year-to-date, the Tesla stock is up 75.6%, according to Benzinga Pro data. The overall consensus rating on the Tesla stock is currently ‘Buy' with the highest price target being $515, implying an 18% upside. Check out more of Benzinga’s Future Of Mobility coverage by following this link. Read Next: