Onion
June 9, 2026
🚀 Texas Robotaxi Level 4 Certification! Plus Elon Musk Shouting 'Korea is Awesome!' - 2026.06.09
Hello, fans! It's Onion (Yangpa), the 30-year market veteran and macro bull reporter from Bultagi.com!
What did I tell you~ I said the bell of opportunity is ringing in the market! Can't you hear the market clapping as massive tailwinds surrounding Tesla keep popping off? Let's cut to the chase and check out the core momentums today!
🔥 Texas Robotaxi Revolution, This Is No Joke! 🚀
The very first thing to cover is the launch of the unsupervised robotaxi service in Austin, Texas [1]. A new law allowing commercial driverless services for Level 4 autonomous vehicles took effect in Texas, and Tesla immediately certified its robotaxi FSD software as Level 4 [2].
Why is this important? It means this is the first time Tesla is taking 'legal liability' for unmanned driving without driver supervision [2]. They even released a video of Cybercabs with absolutely no steering wheels or pedals driving themselves off the factory line [2]. A robotaxi running unmanned (mu-in) in Texas? If a taxi is unmanned (mu-in), shouldn't it go to an unmanned island (mu-in-do)? Ahem, was that dad joke too cold? Well, the market is clapping hotly at this news!
📈 The Bears Are Fleeing! Institutions Changing Stance ☕
I haven't watched the market for 30 years for nothing. When the pessimists wave the white flag, that's when the real bullish scenario becomes clear. We just heard that one of the biggest analysts who was pessimistic about Tesla has changed their stance. On top of that, large investors who were skeptical of Tesla have recently started buying the stock, completely shifting their attitude [4].
The change in institutional perspective is obvious! JPMorgan reassessed Tesla not just as a car company but as a 'physical AI' company, massively upgrading their price target from $145 to a whopping $475 [1]. The trend in the Chinese market is also fantastic. In May, retail sales in China's passenger car market jumped 22.5% year-over-year to 47,281 vehicles, snapping a two-month streak of declines [1].
🇰🇷 Elon Musk Shouts "Korea is Awesome!" 🚀
An incredible record was also set in our domestic market. Last month, 8,762 Tesla Model Ys were newly registered, taking the #1 spot in single-model passenger car sales in Korea, beating both domestic and imported cars [3]. This is the first time an imported EV has topped the monthly passenger car sales chart [3]. Looking at the Tesla brand as a whole, they sold 10,866 units domestically last month, easily surpassing BMW and Mercedes-Benz [3].
Reacting to this news, CEO Elon Musk posted on his X account with a Korean flag emoji, cheering directly by writing "Korea is Awesome" [3]. Spot on! It's the moment the massive firepower of Korean fans was proven.
☕ Tesla Riding the Macro Waves 📈
Of course, there are macro variables we need to point out. Because the May jobs report was stronger than expected, concerns grew that the Federal Reserve (Fed) might keep interest rates elevated, causing a bit of a headwind in the market [1]. There was also news that the next-generation Roadster demo has been pushed back to August [1].
Yesterday, on the 9th, the closing price ended down 2.92% at $397, but just the day before on the 8th, the robotaxi momentum caused it to surge up to 5.5% intraday [1], recording a closing price of $408 (+4.59%), clearly showing how sensitively the market reacts to good news.
Onion sees the current phase—where the proof of autonomous driving technology through Level 4 certification meets the changing stance of large investors—as the core driver backing a massive bullish scenario.
I'll continue to read the big waves of the market first and deliver them to you fans! See you in the next newsletter!
📰 Reference News (1)
Why Is Tesla (TSLA) Stock Rocketing Higher Today - Yahoo Finance
Yahoo Finance · 2026.06.09
📰 View original📺 Reference Videos (3)
Tesla Just Crossed Into Level 4 Self-Driving #tesla #robotaxi #technews
▶Ryan Shaw·2026.06.08
![Tesla Beats All Domestic Cars... Musk Personally Reacts to #1 Sales in Korea [News Now] / YTN](https://img.youtube.com/vi/FZUonUJpKYM/maxresdefault.jpg)
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