By Al Root
Tesla stock rose early Tuesday, with investors digesting autonomous driving updates from the company and ARK Invest's Cathie Wood.
Shares of the electric-vehicle maker were up 0.6% at $411.25 in premarket trading, while S&P 500 and Dow Jones Industrial Average futures were up 0.5% and 0.2%, respectively.
The modest early move came after Tesla released safety data on Dutch drivers using the company's Full Self-Driving product, which can handle most driving tasks but still requires 100% driver supervision.
Tesla reports 3.5 times fewer collisions on the Netherlands' public roads.
That might not qualify as definitive for European regulators, but it is progress for Tesla, which would like to roll out FSD across Europe. Americans pay $99 a month to use FSD. Tesla ended the first quarter with about 1.3 million subscribers.
Along with European safety data, ARK's Cathie Wood posted a video of a Tesla robo-taxi ride.
The ride went smoothly, with Wood pointing out that, while robo-taxi technology took longer to develop than she initially expected, it's here: "As with many new innovations...they come slowly, then all at once."
Wood did note that the car had a $75 parking ticket. "This is something we hadn't thought of before," she quipped. "We're going to have to put this into a new line item in our [financial] model."
The expansion of FSD and Tesla's robo-taxi business, launched about a year ago in Austin, Texas, is critical for the company. Investors believe it will usher in a new era of earnings growth as EV sales stagnate.
Tesla earned $3.12 a share in 2023, selling about 1.8 million cars. It earned $1.66 in 2025, selling 1.6 million EVs.
Write to Al Root at allen.root@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
June 09, 2026 07:53 ET (11:53 GMT)
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