Missed Nvidia in 2009? This Rare Signal Is Flashing Again.\u00a0In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia.\u00a0For the first time in years, that same “Total Conviction” signal is flashing for a company 1\/100th the size of Nvidia.\u00a0Continue \u00bb<\/a> <\/p>\n Is the Robotaxi business scaling fast enough to be that something? <\/p>\n The Robotaxi service is barely a year old. Tesla launched it in Austin last summer with safety monitors aboard, began removing them, and has been layering on markets since. Miami is a sensible next test bed, too: flat roads, year-round driving weather, and heavy visitor traffic that leans on ride-hailing. <\/p>\n Notably, Miami extends the Robotaxi footprint beyond Tesla’s home states for the first time. According to the company’s first-quarter update, Tesla lists Austin, Dallas, and Houston as ramping unsupervised, operates with safety drivers in the San Francisco Bay Area, and lists Miami, Orlando, Tampa, Phoenix, and Las Vegas as markets with preparations underway. Friday converted the first of those five from planned to live. <\/p>\n But Tesla still hasn’t yet reached meaningful scale — at least not enough to significantly enhance the bull case for the stock. The Austin fleet is still reportedly measured by the dozens of vehicles, with the unsupervised portion of this fleet smaller still. And early riders across markets have described long waits and occasional software misfires. Additionally, availability remains limited to specific service areas in Tesla’s dedicated Robotaxi app — another sign this remains a controlled rollout rather than a mass-market service. <\/p>\n What a city launch can’t fix <\/p>\n The market’s frustration that has left shares in the red for the year arguably isn’t about Tesla’s expanding Robotaxi service. The company’s first-quarter operating margin was just 4.2%, on revenue that grew 16%. <\/p>\n Additionally, the stock’s valuation remains difficult to justify. With $1.10 in earnings per share over the past 12 months, the stock trades at more than 380 times earnings<\/a> — a price that arguably makes sense only if autonomy becomes a large, profitable business on a reasonable timeline. Growth in the teens isn’t what investors are paying for. Autonomy is. <\/p>\n Ultimately, a launch in Miami shows progress. But investors still need more concrete evidence to know Robotaxi can become material to results soon. Tesla hasn’t disclosed Robotaxi revenue, ride volumes, utilization, or per-mile costs. Investors, therefore, are still mostly left in the dark. <\/p>\n We’ll likely know more on July 22, when Tesla is scheduled to report earnings. If Tesla opts to provide more data on the Robotaxi program and more details about its plans and its potential economics, investors will have more data points to gauge just how much this Robotaxi business may be worth to the overall business. <\/p>\n So, can Miami rescue the stock? <\/p>\n Based on the stock’s sharp rebound on Monday, the initial phases of a rescue may already be underway. But shares are still down almost 7% year to date. To fully recover, Tesla will likely need more upbeat news on its Robotaxi program — news that starts making it sound like the program will soon start contributing meaningfully to Tesla’s financial results. <\/p>\n The rollout cadence is encouraging — five markets live and four more queued — and Tesla is executing the expansion it laid out for investors. But with a price-to-earnings ratio of about 380, the growth stock needs autonomy to start showing up in the financial statements, not just on maps. <\/p>\n We just issued ‘double down’ alerts on 3 stocks \u2014 find out if\u00a0Tesla made our list <\/p>\n Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this. <\/p>\n On rare occasions, our expert team of analysts issues a “Double Down” stock<\/a> recommendation\u00a0for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves: <\/p>\n Nvidia:\u00a0if you invested $1,000 when we doubled down in 2009,\u00a0you’d have $505,952!* <\/p>\n Apple: if you invested $1,000 when we doubled down in 2008, you’d have $58,823!* <\/p>\n Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $418,761!* <\/p>\n Right now, we’re issuing “Double Down” alerts for three incredible companies, available when you join\u00a0Stock Advisor, and there may not be another chance like this anytime soon. <\/p>\n See the 3 stocks \u00bb<\/a> <\/p>\n *Stock Advisor returns as of July 6, 2026 <\/p>\n Daniel Sparks<\/a> has clients with positions in Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy<\/a>. <\/p>\n<\/a> Cybercab. Image source: Tesla. The map is filling in <\/p>\n