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Tesla launches Model S, X in Jordan, government commits to sustainable transport
Just six weeks after Tesla began selling its cars in the United Arab Emirates, the Silicon Valley-based electric car maker has added Jordan to the list of Middle East countries where customers can buy a Model S and Model X. According to an email we received from a Tesla spokesperson, “Jordan has been chosen to offer Tesla vehicles due to the country’s extensive interest and support for electric vehicles. Last year, the Jordanian government made strong commitments to sustainable transportation. This, along with other interest from pioneering owners who have already imported Model S and Model X vehicles into the region, has highlighted a strong demand for the brand.”
People in Jordan can now order their Tesla online through the company’s website or in-person at a new pop-up store located in the upscale multi-purpose shopping complex, Taj Lifestyle Center, in Amman. Tesla representatives will educate prospective buyers on the benefits of electric cars and guide prospective buyers through the ordering process. First deliveries are expected to arrive this summer.
Tesla has eight destination chargers and four Supercharger locations in the region and has plans to add more of each as it seeks to bring its premium electric cars to more customers in the region. In advance of the start of production for the Model 3, Tesla is aggressively expanding its Supercharger network worldwide.
Speaking at the World Government Conference in Dubai in February, Elon Musk reiterated his desire to create a world in which electricity from renewable sources — particularly solar energy — will replace fossil fuels as the basis of the global economy. His message is compatible with the attitudes of many government leaders in the Middle East. The United Arab Emirates in particular seek to establish themselves as global leaders in sustainable energy.
We’ve provided a copy of the communication from Tesla.
Introducing Model S and Model X in Jordan
Tesla continues to deliver the safest, quickest, and longest range electric vehicles of any kind by launching Model S and Model X in Jordan, the latest market to join Tesla’s rapidly growing network of developments.
After Tesla’s launch in the United Arab Emirates last month, Jordan has been chosen to offer Tesla vehicles due to the country’s extensive interest and support for electric vehicles. Last year, the Jordanian government made strong commitments to sustainable transportation. This, along with other interest from pioneering owners who have already imported Model S and Model X vehicles into the region, has highlighted a strong demand for the brand.
The web launch is supported by a pop-up shop in the Taj Lifestyle Center, allowing visitors to learn about Tesla vehicles in an engaging and low-pressure sales environment. Tesla’s approach is to educate guests to ensure they understand the benefits of Tesla ownership. First orders of Model S and Model X vehicles are expected to arrive this summer.
In addition to convenient home charging, Tesla has designed the most sophisticated electric vehicle charging network in the world, the Supercharger and Destination charging networks, so owners can travel wherever and whenever they want. Tesla has already opened eight Destination charging locations and four Supercharger stations in the region, allowing drivers to recharge their vehicles in minutes rather than hours.
Tesla’s Supercharger and Destination charging networks have become a powerful, unique benefit of Tesla ownership, and we will continue to expand the program worldwide.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
