Tesla Stock Surges 10% Following Robotaxi Launch in Austin
Tesla shares jumped as much as 10% on Monday after the company successfully launched its Robotaxi service in Austin, Texas. A fleet of autonomous Model Y SUVs operated without human drivers for the first time, offering rides at a flat rate of $4.20 within a limited zone. Wedbush analyst Dan Ives, a long-time Tesla bull, described the experience as "comfortable, safe, and personalized" after multiple test rides.
The service operates daily from 6:00 a.m. to midnight, weather permitting, with Tesla employees acting as safety monitors in the front passenger seats—an unconventional approach to autonomous vehicle safety. The initial rollout involved 10-20 vehicles in South Austin, accessible only to vetted customers via early-access invitations.