Nevada Just Raised Tesla's Las Vegas Robotaxi Cap From 10 Vehicles to 5,000

Tesla received approval to deploy up to 5,000 robotaxis in Nevada, starting with Model Y and later Cybercab. The company expects to deploy fewer than 5,000 vehicles in the next year. Tesla shares have risen for three weeks, with mixed analyst opinions and retail sentiment turning neutral.

SpaceX, Tesla, and Intel are building the $16.8B Terafab chip plant in Texas. SpaceX will fund most of the project, with 75% of chips for its orbital data centers. The plant aims to meet future computing demand, but the high costs may impact SpaceX's valuation.

Einride, a Swedish transport company, will deploy 500 Tesla Semi trucks, the largest deployment to date, serving Amazon and other customers in North America. The project, funded by third-party financing, will triple Einride's electric truck fleet and support its plans to convert $800 million in potential annual recurring revenue. The deployment begins in September 2026 and will occur in multiple phases over 24 months.

Nine automakers, including Tesla (TSLA), are recalling over 4 million vehicles in China due to door handle safety concerns. Tesla is recalling nearly 3 million vehicles, with its stock falling 4% on Aug. 24. The recall follows incidents where door handles failed during emergencies. Tesla plans to add warning labels and make software updates. Chinese regulators are enforcing the recall, with new rules requiring manual release handles on both sides of vehicles by 2027.

The Nevada Transportation Authority approved Tesla, Waymo, and Uber's Aviari Services to offer driverless passenger rides in Clark County, including near Harry Reid International Airport. Tesla can operate up to 5,000 vehicles, while Waymo and Aviari are capped at 1,000 each. The companies must meet safety and regulatory requirements, including vehicle inspections, insurance, and incident reporting. Some local taxi companies and residents have raised concerns about job impacts and safety.

Tesla plans to unveil its Cybercab production vehicle on September 3, aiming to replace Model Y Robo taxis. The vehicle features no pedals, steering wheel, and scissor-like doors. Tesla has approval for 5,000 robot taxis in Las Vegas, with 2,500 expected within a year, according to the company. The stock is down 23% year-to-date, and the event could serve as a catalyst.