Tesla shares soar after first robotaxi rides hit the road in Austin, Texas

June 24, 2025

, By The Economic Times

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Tesla shares jumped 10% on Monday, lifted by the long-awaited launch of the company’s robotaxi service that CEO data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/elon-musk/profileshow/79257472.cms”>Elon Musk has for years championed as a key driver of the electric vehicle maker’s lofty valuation.

The automaker deployed a small fleet of self-driving taxis in Austin, Texas, on Sunday, marking the first time its cars have carried paying passengers without human drivers. The rides were being offered for a flat fee of $4.20 in a limited zone.

The trial’s success is crucial for Tesla as ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/musk” target=”_blank”>Musk has pivoted the company to self-driving cars and…

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Tesla shares soar after first robotaxi rides hit the road in Austin, Texas

June 24, 2025

, Published By The Economic Times

Tesla shares jumped 10% on Monday, lifted by the long-awaited launch of the company’s robotaxi service that CEO data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/elon-musk/profileshow/79257472.cms”>Elon Musk has for years championed as a key driver of the electric vehicle maker’s lofty valuation.

The automaker deployed a small fleet of self-driving taxis in Austin, Texas, on Sunday, marking the first time its cars have carried paying passengers without human drivers. The rides were being offered for a flat fee of $4.20 in a limited zone.

The trial’s success is crucial for Tesla as ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/musk” target=”_blank”>Musk has pivoted the company to self-driving cars and…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Agentforce hits $100M ARR as Salesforce bets on AI-powered digital workforce

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Hype 300% Rally Shows Hyperliquid Growth Is It Overvalued?

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