Tesla Jumps 4% on Europe Semi Launch and Las Vegas Robotaxi Permits

2 articles · Updated · Yahoo Finance · Aug 21

Tesla rose 4% to $357.91 in Friday trading after unveiling a Europe launch event for its Semi truck and benefiting from Nevada's approval of Las Vegas robotaxi permits.
Nevada regulators approved permits for Tesla, Uber and Alphabet's Waymo, extending Tesla's unsupervised robotaxi footprint into Las Vegas after service in seven U.S. metros.
Tesla's autonomy case was reinforced by 1.48 million active Full Self-Driving subscriptions in Q2 2026, up 56% year over year, while management has said Semi production remains on track for 2026.
The rally was concentrated in Tesla rather than the broader autonomy trade: Uber gained 2%, Alphabet added 0.3%, and the DRIV ETF rose 1%.
The gain came despite fresh pressure in China, where Tesla disclosed a 2.98 million-vehicle recall tied to 15 deaths and had already reported a 32% year-over-year drop in July sales.