Tesla Inc (NASDAQ:TSLA) shares jumped more than 8% following the successful launch of its autonomous Robotaxi service in Austin, Texas over the weekend. The launch involved a limited pilot program featuring about 10 to 20 Model Y vehicles operating within a geofenced area in South Austin.
While still in its infancy with a limited, invite-only launch in Austin, the Tesla robotaxi service debut marks a pivotal moment for the company.
Elon Musk's Tesla has launched a limited rollout of its self-driving “Robotaxi” fleet in Austin, Texas in a major test of technology that the billionaire has promised will transform the company's business.
U.S. equities advanced at midday as oil prices declined on doubts the weekend U.S. military strikes against Iran and possible retaliation from Iran would disrupt supplies. The Dow Jones Industrial Average, S&P 500, and Nasdaq all gained.
Over the weekend, Tesla Inc (NASDAQ:TSLA) slipped its first fully autonomous ride-hail service onto Austin's streets with barely a fanfare: a handful of geofenced vehicles, safety monitors on board and invited riders only. It's a cautious debut that echoes the limited roll-outs from Waymo and Cruise, yet investors had been banking on something more spectacular.
Shares of Tesla Inc. charged higher Monday, after Chief Executive Elon Musk said Tesla owners could turn their electric vehicles into robotaxis, opening up an opportunity for them earn more than their monthly payments on the vehicles.
TSLA kicks off its first paid robotaxi rides in Austin, testing autonomous tech as rivals race to scale nationwide.
Shares of Tesla Inc. (NASDAQ:TSLA) gained 2.85% over the past five trading sessions as the fall-out between CEO Elon Musk and President Trump is now in the rearview mirror.
Tesla did it. They have taken money for a fully autonomous taxi ride.
Tesla Inc. made a modest but pivotal move in its bid to dominate the autonomous vehicle industry by launching its robotaxi service in Austin, Texas on Sunday.
No splashy stage show, no grand unveil, no Tesla-shaped fireworks. Just a few influencers, a handful of self-driving Model Ys, and a quiet Sunday morning in Austin.
Tesla has started giving rides in driverless Model Y SUVs in Austin, a decade after CEO Elon Musk began making — and breaking — myriad promises about his company's ability to launch such a service.